Accounting Tip of the Month: Be Prepared with a QuickBooks Line of Credit
Unexpected expenses happen—but they don’t have to derail your cash flow. A QuickBooks Line of Credit gives you flexible access to funds when you need them most, right from your QuickBooks account.
Here’s how it works and why it’s worth considering:
- Flexible Funding When You Need It
You can draw cash or get advances on eligible invoices—ideal for managing slow-paying clients or covering urgent expenses. Credit limits typically range from $1,000 to $50,000. - No Hidden Fees
There are no origination, late, or prepayment fees—you only pay interest on the amount you borrow. While rates may be higher than traditional banks, the convenience and speed can be worth it. - Simple Application in QuickBooks
Apply directly through QuickBooks. If eligible, you may receive a decision in minutes, with funds available shortly after approval. - Manage and Repay Easily
Repay your draws over 12 months, or apply incoming customer payments directly to the balance. Everything is integrated within your QuickBooks account, so tracking and managing it is seamless. - Who’s Eligible?
You’ll need an active QuickBooks subscription, be using QuickBooks Payments, and have your business and personal credit in good standing. Loans are typically issued by WebBank.
A QuickBooks Line of Credit is a smart tool to add resilience to your financial toolkit—especially for small businesses that value speed, flexibility, and simplicity.
Want help determining if this is right for your business? Let’s talk. Schedule a conversation today!
