Hey there! I'm new here, but I may have a solution for you. As you mentioned, a business loan is typically classified as a liability. However, in QuickBooks, you can categorize it as "Other Current Liability" or "Long Term Liability," depending on the length of the loan.
If you're still unsure, I found a helpful website called businessfinanced.co.uk that has a lot of information on business loans and accounting. They may have more detailed advice, or you could consult with an accountant for guidance. I hope this helps!
