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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Bluevine Line of Credit Review

Updated on:
Content was accurate at the time of publication.

 Estimated interest range: Starts at 7.80% simple interest for a 26-week repayment term

 Best for: Small business owners who need quick funding and are bringing in at least $40,000 per month

Pros and cons of Bluevine

ProsCons

 Quick funding options

 Limited fees

 Competitive starting interest rates compared to other online lenders

 Accepts fair credit scores

 Same-day funding could incur a fee

 High monthly revenue requirements

 Must operate for at least two years to qualify

 Doesn’t list maximum interest ranges

 Third-party term loans are managed by other lenders, not by Bluevine itself

Bluevine offers a range of small business solutions, including small business financing, business credit cards, business checking accounts and an automated bill management system that syncs with QuickBooks Online. You can access up to $250,000 in revolving funds with its business line of credit or explore financing options through its network of partner lenders.

Founded in 2013, Bluevine offers quick funding times. If you already have a Bluevine Business Checking account, you could access your cash immediately after approval. Otherwise, it generally takes one to three business days to receive your line of credit funds.

While Bluevine offers competitive starting rates and accepts credit scores as low as 625, it doesn’t disclose maximum interest rates in advance, making it hard to estimate how much its business line of credit or partner loans could cost you. And it requires businesses to operate for two years and have at least $10,000 in monthly revenue to qualify, making it a better choice for established businesses than early-stage startups.

Note that Bluevine only directly offers business funding in the form of a line of credit. If you want a term loan, it’ll be offered through one of Bluevine’s third-party partner lenders, and you’ll have to work directly with that other lender — not with Bluevine itself.

Who is Bluevine for?

  • Established businesses with relatively high revenue. You need 12 months of business history to qualify for a Bluevine line of credit, plus at least $10,000 in revenue per month.
  • Those looking for quick funding. Bluevine can get your loan funded instantly to a Bluevine Business Checking account, or as little as a few hours to another bank — if you’re willing to pay a $15 wire fee. Otherwise, fee-free funding can take one to three business days.
  • Borrowers with less-than-perfect credit who want to pay reasonable rates. While starting interest rates aren’t the lowest at Bluevine, they are competitive with other online lenders — and the minimum credit score is only 625.

ProductLoan amountsRepayment termStarting interestFees
Line of credit$6,000 to $250,0006 or 12 monthsStarting at 7.80% simple interest for a 26-week repayment term$15 wire transfer fee for same-day draws to non-Bluevine account

Line of credit

Businesses needing flexible funds can access between $6,000 and $250,000 with a Bluevine business line of credit. Repayment terms are 6 months with weekly repayments or 12 months with monthly repayments. Similar to a credit card, you can borrow up to your credit limit as often as needed, repay the debt and borrow again — only paying interest on the amounts withdrawn.

Bluevine’s interest rates start at 7.80% simple interest for a 26-week repayment term. However, it doesn’t disclose maximum interest rates so there’s no way to predict how high your rate will go until you submit an application.

For those needing same-day funding, Bluevine claims you can get approved in as little as five minutes, with funds instantly delivered to your Bluevine Business Checking account. This checking account offers a 2% APY on the standard plan with no monthly fee, and there are account options with higher APYs as well.

To get same-day funding to a non-Bluevine checking account, you will need to use a wire transfer with a $15 fee. Alternatively, you can receive your loan proceeds for free via ACH, which can take up to three business days to complete.

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Minimum annual revenue$120,000
Minimum time in business12 months
Minimum credit score625

Your business needs to operate for at least 12 months and pull in a minimum of $10,000 a month to qualify for a Bluevine line of credit. You must also be registered as a corporation or LLC — sole proprietors are not eligible.

Bluevine accepts credit scores as low as 625, but your business must be in good standing with your secretary of state and have no bankruptcies.

Businesses in the following industries are prohibited from receiving a Bluevine line of credit:

  • Auto dealerships
  • Nonprofits that operate through donations
  • Financial institutions and lenders
  • Insurance companies
  • Cryptocurrency businesses
  • Penny auction companies
  • Businesses involved in illegal or controlled substances, including marijuana-related products
  • Businesses dealing with firearms and related paraphernalia
  • Political campaigns
  • Pornography and related paraphernalia businesses
  • Illegal gambling operations

Regardless of industry, businesses based in Nevada, North Dakota, South Dakota, Puerto Rico or other U.S. territories aren’t eligible for Bluevine lines of credit.

Required documents

When applying for a business line of credit, Bluevine will ask for permission to access your business checking account data through Plaid. Alternatively, you could opt to provide bank statements from the past three months.

You will also be asked to provide basic contact and personal information and documents for yourself and your business, including your business tax ID or Employer Identification Number (EIN), annual revenue and information about any existing financing.

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
BluevineFundboxAmerican Express Business Line of Credit
Minimum credit score625600660
Loan products offeredLine of creditLine of creditLine of credit
Time to fundingInstant or up to three business daysAs soon as next business dayOne to three business days
Starting interest rates7.80% simple interest for a 26-week repayment term
  • 4.66% for 12-week terms
  • 8.99% for 24-week terms
  • 3% to 9% for 6-month loans
  • 6% to 18% for 12-month loans
  • 9% to 27% for 18-month loans
  • 12% to 18% for 24-month loans
Maximum loan size$250,000$150,000$250,000
Minimum annual revenue$120,000$100,000$36,000

Bluevine vs. Fundbox

If you like the idea of a business line of credit but can’t meet Bluevine’s $120,000 annual revenue requirement, Fundbox is another online lender worth considering.Fundbox only requires a six-month business history, making it a great choice for startup business financing. However, Fundbox’s $100,000 annual revenue requirement could be a challenge for newly established companies.

Like Bluevine, Fundbox also offers quick business financing — delivering funds as soon as the next business day. When comparing interest rates, Fundbox’s line of credit starts at 4.66% compared to Bluevine’s lowest rate of 7.80%. That said, you won’t know your final rate with either lender until you submit an official application.

One advantage to Fundbox is its Flex Pay program, giving your business an extra three days to pay with no additional fees. You can also upgrade to Fundbox Plus to unlock 20% off fees and other exclusive benefits, although its website doesn’t give specifics about these perks.

Those needing access to more funds might prefer Bluevine since it offers up to $100,000 more than Fundbox.

Bluevine vs. American Express Line of Credit

If your company has been operating for at least one year with a minimum credit score of 660, the American Express Business Line of Credit could be a good fit. The max borrowing limits are the same as with Bluevine — up to $250,000 in revolving funds. However, you only need $36,000 in annual revenue to qualify, while Bluevine requires at least $120,000.

Business owners with a business credit card from American Express might already be pre-approved for its business line of credit. You can sign into your account to view your options.

One benefit of the American Express Business Line of Credit is its range of flexible payment options. You can pick between a 6-, 12-, 18- or 12-month term with a corresponding monthly fee — allowing you to choose what works best for your business’s current needs. However, the fee structure can be a bit confusing, with each draw becoming a separate installment loan.