BlueVine business lines of credit review March 2021 |
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BlueVine business line of credit review

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Pay no origination or monthly maintenance fee — but expect weekly repayments.’s rating: 4.5 / 5.0


Bottom line: BlueVine offers a fast credit line with no monthly fees to businesses that might not qualify for a bank loan. But its weekly repayments can be inflexible.


Min. Amount


Max. Amount


Product NameBlueVine business lines of credit
Min. Amount$5,000
Max. Amount$250,000
Loan Term6 to 12 months
Min. Credit Score650
APRStarting at 4.8%
Requirements3+ years in business, $40,000+ in monthly revenue, 600+ credit score


  • Funding within two business days
  • No origination, maintenance or draw fees
  • Minimal eligibility requirements


  • $15 fee for same-day funding
  • Weekly repayments
  • Potentially high APR

Expert review

Anna Serio

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

BlueVine offers fast, easy-to-manage lines of credit that your business can access in a matter of hours when you need to make a draw. You can qualify with fair credit and relatively little documentation is required.

But same-day funding isn’t free — BlueVine charges a $15 wire transfer fee. And you’ll have to pay off each draw in weekly installment for six months to a year. Terms that short can give you a high upfront cost if you withdraw a large amount.

Not sure BlueVine is right for you? See how it compares to other lenders.

BlueVine rates, fees and terms

BlueVine lines of credit start at 4.8% APR, but it doesn’t state a maximum APR. There are no annual fees, monthly fees or origination fees when you sign up. There’s also no fee to when you make a draw, although BlueVine does charge a $15 wire transfer fee if you want to get your money the same day you request it.

You can withdraw as little as $5,000, and up to your credit limit — which maxes out at $250,000. Each draw turns into a term loan, which you repay over 6 months to 1 year in weekly installments. As you pay off your principal, your credit limit renews. So for example, if you drew $5,000 from a $10,000 credit line, you’d have access to $10,000 again after paying off your balance.

Use the calculator below to find out how much you’d pay on a monthly basis and in total for a specific withdrawal. Divide the result by 4.35 — the average number of weeks in a month — to get an estimate of each weekly repayment.

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See other top business loan options

Select the ranges that apply to your business to see how BlueVine compares to other providers.

Data updated regularly
Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans

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ROK Financial business loans

ROK Financial business loans
$10,000 – $5,000,000
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Finder Rating: 4.7 / 5: ★★★★★

OnDeck small business loans
$5,000 – $250,000
As low as 11.89%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
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Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

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Operate business in US or Canada, have a business bank account, 560+ personal credit score
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Rapid Finance small business loans
Finder Rating: 3.74 / 5: ★★★★★

Rapid Finance small business loans
$5,000 – $1,000,000
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Compare up to 4 providers

How to qualify

To qualify for a line of credit with BlueVine, you’ll need to meet the following criteria:

  • At least six months in business
  • Minimum monthly revenue of $10,000
  • Credit score of at least 600
  • Not based in North Dakota, South Dakota or Vermont

BlueVine reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4 out of 5 stars, based on 111 customer reviews
BBB customer complaints 38 customer complaints
Trustpilot Score 4.3 out of 5 stars, based on 2,494 customer reviews
Customer reviews verified as of 12 October 2020

BlueVine gets mostly positive customer reviews. Customers were pleased with how fast and transparent the borrowing process was compared to other lenders. The few negative reviews were from customers who had been denied or had trouble getting in touch with customer service.

How the application works

You can apply for a BlueVine line of credit online through its website or mobile app. Typically you need to submit your business's three most recent bank statements along with your application. It takes as little as five minutes to get a response. If you're approved, review your offer and follow the directions to sign your loan documents after reading BlueVine’s terms.

Once you've finalized your loan, you can begin drawing from your line of credit when your business needs. For every draw, you’ll be on the hook for weekly or monthly repayments, which are automatically deducted from your business bank account.

What sets it apart

BlueVine offers a fast, simplified alternative to a bank loan. It can be particularly useful if your business is too new or your credit score is too low to qualify with a traditional lender. You can get funding within 24 hours, as opposed to within several weeks.

But speed has its drawbacks. You won't have access to the kind of personalized expertise you can find at a bank, so save this product for when you're sure a line of credit can benefit your business.

Other types of financing available through BlueVine

BlueVine offers invoice factoring in addition to its line of credit. It also used to also have term loans, but it stopped offering that product became unavailable during COVID-19.

With invoice factoring, you can an advance on between 85% and 90% of your unpaid invoice's value, up to $5 million. It charges a factor rate of 0.25% per week. Your clients have up to 13 weeks to pay their invoices.

Requirements for invoice factoring are more relaxed than the line of credit:

  • At least three months in business
  • Minimum 530 credit score
  • At least $10,000 in monthly revenue
  • Minimum invoice value of $500
  • Based in the US or an English-speaking part of Canada

Is BlueVine legit?

Yes, BlueVine is a member of the Innovative Lending Platform Association (ILPA), which aims to set best practices and standards for the online lending community. And it’s relatively safe to apply online — it uses SSL encryption to protect any information you submit on its website.

BlueVine currently doesn’t sell your personal information, and it offers you the opportunity to opt out of a change to this policy by calling customer service.

See how BlueVine compares to other lenders by checking out our guide to business loans.

Frequently asked questions

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We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

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