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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


  • Best for business owners with fair credit looking for fast working capital.
  • Pick something else if you want to avoid weekly repayments.


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

Expert review

Anna Serio

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 950 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.

How much will this line of credit cost me?

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.

Business loan calculator

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How it works

BlueVine considers the overall financial wellness of your business, your personal credit score and other factors when deciding your interest rate. Generally, you’ll need to have near-perfect credit, high revenue and have been in business for a few years to qualify for that low 4.8% APR. If you have good credit — that’s a credit score between 670 and 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:

  • At least six months in business
  • Monthly revenue of $10,000+
  • 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:

  • Three most recent bank statements
  • General information about you and your business
  • Social Security number
  • Business tax ID number

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

What industries does BlueVine work with?

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

  • Gambling
  • Adult entertainment
  • Political campaigns
  • Legal or illegal substances
  • Firearms
  • Financial institutions
  • Lenders
  • Insurance
  • Nonprofits
  • Auto dealerships

What other types of financing does BlueVine offer?

BlueVine offers term loans and invoice factoring in addition to its line of credit.

Loan amount

$5,000 to $250,000

85% to 90% of invoice value — up to $5 million


APR starts at 4.8%

Factor rate starts at 0.25% per week

Loan term

6 to 12 months

1 to 13 weeks


  • 6+ months in business
  • $10,000+ monthly revenue
  • 600+ credit score
  • Not located in North Dakota or South Dakota
  • 3+ months in business
  • 530+ credit score
  • $10,000+ monthly revenue
  • $500+ invoice value
  • Based in the US or an English-speaking part of Canada

Best for

Covering a large one-time expense

Improving cash flow from unpaid invoices


  • 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

See other top business loan options

Data indicated here is updated regularly

Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK

Compare up to 4 providers

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.

BlueVine reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4.03 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 2,463 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 do I apply?

Follow these steps to apply for a line of credit:

  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 five minutes. Review your offer and follow the directions to sign your loan documents after reading BlueVine’s terms.

I got a BlueVine line of credit. Now what?

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.

Once you make a repayment, the principal portion of your payment gets added back to your available credit — so you can keep borrowing whenever your business has gaps in cash flow. 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 checking out 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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