Paycheck Protection Program loan applications within QuickBooks Capital

Paycheck Protection Program loan applications within QuickBooks Capital

Note: The Paycheck Protection Program Flexibility Act (PPP Flex Act) was signed into law on June 5, 2020. The PPP Flex Act extends the availability of loans under the Paycheck Protection Program (PPP) and adjusts certain rules applicable to PPP loans. The information reflected here may therefore be outdated. We are working to update our resources to reflect these updates to the PPP, so be sure to check back soon. Please refer to the latest guidance from the SBA and Treasury to confirm current program rules and how they apply to your particular situation.

Editor’s note: This article was updated on May 12, 2020.

We’ve created an easy method to complete an application for a PPP loan within QuickBooks Capital, which is available to a subset of customers* using the following products:

  • QuickBooks Desktop Payroll on QuickBooks 2018, 2019, and 2020 – updated to the latest release
  • QuickBooks Online Payroll
  • QuickBooks Self-Employed – users who filed 2019 taxes with TurboTax Self-Employed

Businesses with multiple owners and single-member LLCs can now apply. Customers who have tried to complete the PPP loan application within QuickBooks Capital and hit a snag should come back and try again.

To learn more about the Paycheck Protection Program, please visit our resource center.

Frequently asked questions

What is the Paycheck Protection Program?

The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which the government recently approved an additional $310 billion in government-backed forgivable loans to help small businesses continue paying payroll costs and certain operating expenses.

Your firm and clients who are small businesses or other eligible organizations may each be eligible for up to $10 million as part of the program, depending on their average monthly payroll costs, 75% of which must be used to cover payroll and other employee benefits (PTO, insurance premiums, retirement, etc.). The loan may also be used to cover mortgage interest, rent, and utilities. Other rules apply to sole proprietorships, independent contractors, eligible self-employed individuals, and others who report self-employment income on IRS Form 1040, Schedule C.

How can I determine which emergency funds my firm or clients are eligible for?

To help you and your clients understand the options, we have also created Intuit Aid Assist, a free website with an interactive tool to help small businesses and individuals evaluate their eligibility for emergency financial relief.

Which lenders are currently processing Paycheck Protection Program applications?

In addition to QuickBooks Capital, please refer to the U.S. Small Business Administration’s list of active SBA 7(a) lenders.

Will I be able to complete the application on behalf of my clients in QuickBooks?

Due to the certifications and signatures required, QuickBooks Online Accountant users will not be able to complete actions on behalf of their clients. We are providing this information to you so that you will be able to assist and advise your clients who choose to utilize the process in QuickBooks.

Will Intuit notify my clients about the Paycheck Protection Program in QuickBooks?

Yes, we will notify eligible customers and we strive to notify accounting professionals first to field their clients’ questions. Please refer to this article for the latest information for accounting professionals.

How can I make sure I receive email communications regarding the Paycheck Protection Program in QuickBooks?

To ensure you are able to receive our email communications, please add to your approved senders list and verify your email preferences in QuickBooks Online Accountant. To do so, click on the gear icon → Intuit Account → Communications. Under QuickBooks Accountant, ensure “Marketing Hub/Resource Center for Accountants” is set to “on.”

*The QuickBooks Capital enabled Paycheck Protection Program loan application process supports certain single-owner and multi-owner businesses, as well as certain self-employed individuals. QuickBooks Capital is not able to process applications from Schedule C filers who have employees, seasonal businesses, or recipients of an EIDL loan between Jan. 31, 2020, and April 3, 2020. QuickBooks Capital does not support users located in AK, NV, nor the U.S. Territories.

Given the large demand for limited SBA authorized funding, not every qualified Paycheck Protection Program applicant will receive a loan.

Loan and forgiveness calculations and eligibility may vary. Refer to the for information about your particular situation.

Paycheck Protection Program (PPP) loans offered within QuickBooks Capital may be made by Intuit Financing Inc. (d/b/a QuickBooks Capital) or by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.

QuickBooks Capital is licensed as Intuit Financing Inc. (NMLS # 1136148), a subsidiary of Intuit Inc. In California, loans are made or arranged under CFL Licensed #6054856. Minimum loan amount varies by state.

Intuit Financing Inc., (d/b/a QuickBooks Capital) is an authorized SBA Paycheck Protection Program Lender.

Relief programs are evolving regularly. Please visit or for the most up to date information.

The funding described is made available to businesses located in the United States of America and are not available in other locations.

This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers should verify statements before relying on them.