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BlueVine business line of credit review

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Get access to up to $250,000 with no monthly maintenance fees.’s rating: 4.5 / 5.0


Waiting on clients to pay your invoices? Need funds to purchase inventory? With BlueVine, you don’t need to be caught in a holding pattern. It offers a line of credit that could help cash flow in times of waiting or when you need to take your business to the next level. But you might be on the hook for weekly repayments, which can be difficult to afford for seasonal businesses.


Min. Amount


Max. Amount


Product NameBlueVine Business Line of Credit
Min. Amount$5,000
Max. Amount$250,000
Loan Term6 to 12 months
Requirements6+ months in business, $10,000 in monthly revenue, 600+ personal credit score, not based in North Dakota or South Dakota

Our top pick: BlueVine Business Line of Credit

  • Min. Loan Amount: $5,000
  • Max. Loan Amount: $250,000
  • Requirements: 6+ months in business, $10,000 in monthly revenue, 600+ personal credit score, not based in North Dakota or South Dakota
  • Fast approval
  • Pay only for what you withdraw

Our top pick: BlueVine Business Line of Credit

Get approved for a revolving credit line in as fast as 5 minutes.

  • Min. Loan Amount: $5,000
  • Max. Loan Amount: $250,000
  • Requirements: 6+ months in business, $10,000 in monthly revenue, 600+ personal credit score, not based in North Dakota or South Dakota

How does BlueVine work?

BlueVine lines of credit work by giving your business access to up to $250,000 in funding, which it can draw from at any time as needed. Each withdrawal turns into a short-term business loan, which you repay in weekly installments over 6 to 12 months. As you pay off your principle, 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.

How much will this line of credit cost me?

BlueVine lines of credit rates start at 4.8% APR, though it doesn’t disclose how high they run. The APR is the main cost. There are no annual or monthly fees, or origination fees when you sign up. There’s also no draw fee, though BlueVine charges a $15 wire transfer fee if you want to get your money the same day you requested.

You can withdraw between $5,000 to your credit limit, which maxes out at $250,000. Each withdrawal turns into a term loan, which you repay over 6 to 12 months in weekly. Use the calculator below to find out how much you’d pay on a monthly basis for a withdrawal and pay in total interest. Divide the result by 4.35 — the number of weeks in a month — to get an estimate of each weekly repayment.

Business loan calculator

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How it works

Generally, you’ll need to have near-perfect credit, high revenue and operating for a few years to qualify for that low 4.8% APR. If you have good credit — that’s a credit score from 670 to 739 — expect a rate closer to 10%. You’ll likely pay an even higher rate with a score of 669 or under.

What do I need to qualify?

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

  • In business for at least six months
  • Annual revenue of at least $100,000
  • Minimum credit score of 600
  • Not based in North Dakota, South Dakota or Vermont

What information do I need to apply?

BlueVine usually asks for the following documents or information when you apply for a line of credit.

  • 3 most recent bank statements
  • General information about business and owner
  • Owner’s Social Security number
  • Business Tax ID number

You can skip the bank statement requirement by allowing BlueVine to connect to your bank account.

What industries does BlueVine work with?

BlueVine doesn’t work with buisnesses in the following industries:

  • Gambling
  • Adult entertainment
  • Political campaigns
  • Legal and illegal substances (including cannabis)
  • Firearms
  • Financial institutions
  • Lenders
  • Insurance
  • Non-profits that rely on donations
  • Auto dealerships

What other types of financing does BlueVine offer?

On top of its line of credit, BlueVine also offers two other types business financing:

Term loans

  • Loan amounts: $5,000 to $5,000,000
  • APR: Starting at 4.8%
  • Loan terms: 6 to 12 months
  • How to qualify: 6+ months, annual revenue of $100k or higher, 600+ credit score, not located in North Dakota or South Dakota.

BlueVine’s term loans work like a one-time draw from its credit line. How much you can borrow, rates and repayment terms are the same. But this product is available to Vermont residents, unlike the line of credit. Once you’ve paid down at least 50% of your loan, you may be eligible to renew it and receive additional funds.

Invoice factoring

  • Advance rate: 85% to 90% of invoice value, up to $5 million
  • Factor fee: Starting at 0.25% per week
  • Business requirements: 3+ months in business, 530+ credit score, at least $10,000 in monthly revenue, have invoices from other businesses or government contracts.
  • Invoice requirements: Invoices must be worth at least $500 with payment due in one to 13 weeks. They must be from customers that already accepted your product or service and are based in the US or an English-speaking part of Canada.

BlueVine’s invoice factoring product allows you to maintain the relationship with your customer and choose which invoices you want financed. There are no monthly requirements for how many invoices you must finance.

Its fees are relatively low, but if the customer doesn’t pay, you’re responsible for covering the loss. Unlike its term loans and lines of credit, BlueVine’s invoice factoring product is available to businesses in all 50 states.

Pros and cons

Here’s why you might want to borrow with BlueVine — and why another option might be a better choice


  • Funding today or tomorrow
  • No origination, maintenance or draw fees
  • Qualify with fair credit and six months in business


  • Weekly repayments
  • Short terms mean higher monthly cost
  • Pay $15 for same-day funding

Compare other business loan providers

Updated April 5th, 2020
Name Product Filter Values Min. Amount Max. Amount Requirements
First Down Funding business loans
Varies by type of loan
Alternative financing up to $300K with highly competitive rates.
Operate a business in the US or Canada, have a business bank account and have a personal credit score of 675+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Kabbage Small Business Line of Credit
1+ years in business, $100,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years
Get funding for your small business with a government-backed loan and extended repayment terms.

Compare up to 4 providers

Is BlueVine legit?

It is. 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 safe to use. BlueVine uses SSL encryption to protect any information you submit through the site.

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

Does BlueVine get good customer reviews?

Yes, BlueVine gets mostly positive customer reviews as of March 2020. Customers were mainly 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.

How do I apply?

Before you begin the application process, double-check that your business qualifies with BlueVine. If it does, follow these steps to apply online:

  1. Go to BlueVine’s website and click Apply Now.
  2. Enter your personal details and click Get Started.
  3. Fill out the required fields with information about yourself and your business.
  4. Click Submit.

What happens after I apply?

You could hear back with a decision in as little as 10 minutes. Review your offer and follow the directions to sign your loan documents, if you accept.

I got a BlueVine line of credit. Now what?

BlueVine application screenshot
You can begin drawing from your line of credit as you wish. For every draw, you’ll be on the hook for weekly or monthly repayments automatically deducted from your business bank account. You can keep track of your account with BlueVine’s online customer dashboard, which is updated daily.

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

Frequently asked questions

Business loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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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