QB Issue Resolution:

Assuming the loans that were paid off were listed as liability accounts in the business books

debit each loan for the amount that paid it off
credit shareholder loan (liability account) for the total

Resolution for Issue 'Business Loans paid by House Refi' available: Yes (Solved).
Source: Intuit Community forum.

Business Loans paid by House Refi: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for business books
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for business books [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: