Learn more about Get Paid Upfront to access invoiced funds faster.
Waiting weeks for invoice payments can restrict your cash flow. We developed Get Paid Upfront as a way to help small businesses receive an upfront advance on their invoices (instead of waiting on net terms).
Access your money faster through QuickBooks Capital with an upfront advance.
How does Get Paid Upfront work? #
For qualifying invoices, here’s how the process works:
- When you send an invoice with QuickBooks, you can choose to access the invoiced funds.
- QuickBooks Capital advances 97-99% of the invoiced amount and deposits those funds into the business bank account you provided in your application.
- After your customer pays you back, you can repay QuickBooks Capital for the invoice amount.
- If your customer doesn’t pay you back in full within 30 days of invoicing, you agree to repay QuickBooks Capital the invoice amount as a loan over 24 months at a fixed interest rate of 8.7%.
Get Paid Upfront eligibility #
We look at a number of factors to check your eligibility for our Get Paid Upfront product. This includes, but isn’t limited to, your business history within QuickBooks, transactions within your business bank accounts, invoice history, and your personal and business credit profile.
Since every business is unique, each application is considered individually and decisions are based on our current guidelines and applicable law.
Please note that applying to Get Paid Upfront doesn’t affect your personal credit. But your loan transaction history with QuickBooks may be reported to Experian Small Business Credit Share and Dun & Bradstreet. If you default, or if you’re late in paying off the loan, we may report your activity to credit reporting agencies. This may impact your personal credit.
Access your funds from Get Paid Upfront #
Once you’ve accepted the approved offer, we deposit 97-99% of the invoiced amount into the business bank account you provided in your application. The money should appear in your account within a few business days at most.
The offer expires 14 days after you receive your approval email. We reserve the right to modify or revoke the offer at any time and for any reason.
Get Paid Upfront and your customers #
Your customers get an invoice that lets them pay online. They won’t see that QuickBooks Capital has funded the invoice when you get paid upfront.
If your customer doesn’t pay the invoice within the first 30 days, then you’re able to repay the upfront advance made to you over a longer period. Specifically, the outstanding balance of your upfront advance begins to accrue interest at exactly 31 days after you received the advance. You then have 24 months to repay the loan with fixed monthly payments at an interest rate of 8.7%.
Repaying Get Paid Upfront #
Automatic payments are our default payment method. Each month, payments get automatically debited from the same business bank account we sent your upfront advance to.
You also have the option to make manual payments through your LoanPro repayment portal. LoanPro is the loan servicing software that QuickBooks Capital uses to manage invoice advances for Get Paid Upfront.
You’ll receive an email invitation to activate your LoanPro repayment portal within a week of accepting your Get Paid Upfront offer. We don’t charge late fees for Get Paid Upfront.
Processing your monthly repayments may take up to 7 calendar days. Interest accrued during this time will only affect the principal balance minus any repayments you’ve made.
If you’d like to repay the upfront advance, you have 30 days to pay in full before it begins to accrue interest. To repay your upfront advance, use the LoanPro repayment portal with your sign in credentials. You can prepay your loan in full or in part without being charged any prepayment penalties.
When you get paid upfront on an invoice, you agree to pay QuickBooks Capital back for the money we advance to you. When accepting the approved offer, a personal guarantee is required, which promises that you personally will repay the business loan in full in the event the business is unable to pay the loan. This is standard for many small business loans.
Changing payment methods or additional questions #
You can change your payment method and opt to send a check, money order, or wire transfer by calling 877-223-4710 Monday-Friday, 6:00 AM to 6:00 PM, PT. Note the disbursement date of your loan for easy reference.
You can also send payments by check to Intuit Customer Funds Management at 6888 Sierra Center Pkwy Reno, NV 89511. Any payment received after 12:30 PM Pacific Time Monday—Friday will be considered to have been made on the next business day.
Any payment received after 12:30 PM Pacific Time on a business day by either the lender or any servicer will be considered made by the borrower on the next succeeding business day.
If you have additional questions about Get Paid Upfront, contact customer service at 877-223-4710 or email [email protected].
