You can view, manage, and repay your upfront advances. Sign in to your QuickBooks account and go to Invoices and then select Get Paid Upfront. Each month, the pre-authorized monthly repayment amount will be debited from the same business bank account where your upfront advance was sent. You can take advantage of autopay to repay the loan. When your customer pays their invoice through QuickBooks Payments during the first 30 days, the payment will be automatically applied to your Get Paid Upfront balance. Interest may accrue on outstanding loan balances per the terms of your loan agreement. Please see your loan agreement for specific terms and additional details. You can repay the total invoice amount in 12 monthly installments at a fixed interest rate (per your loan agreement). ![]() If your customer pays their invoice through QuickBooks Payments during the first 30 days, those payments are applied automatically to your Get Paid Upfront balance. Interest may accrue on outstanding loan balances, per the terms of your loan agreement.We'll deduct the invoice total from your assigned credit limit to determine your remaining available credit, which you can use to fund additional eligible invoices. The money should appear in your account within 1–2 business days of acceptance. The invoice amount, minus any upfront fee (up to 3%, as detailed in your loan agreement), will be deposited into the business bank account you have provided in your application, after you’ve been approved for, and accepted the offer.Go to Invoices, and select Get Paid Upfront to see your eligible invoices. When you send an invoice, you can choose to get it funded early. ![]() These reasons can include, but aren’t limited to, if something changes with your business or personal credit profile, irregularities with your business or identity, or if you cancel or suspend your QuickBooks Payments account.įor invoices that qualify, here’s the process: Your offer can be modified or revoked at any time, for any reason. ![]() Terms and credit limits may change over time. The application process doesn't affect your personal credit score.īecause every business is unique, each application is considered individually, and decisions are based on your credit risk profile, current guidelines, and applicable laws. You’ll be assigned a total credit limit to use to fund other eligible invoices. If you are approved and accept the terms, the Get Paid Upfront advance will be disbursed to you in as fast as 1–2 business days of acceptance. When you choose to fund an invoice for the first time, you’ll fill out an application to see if you’re approved.
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