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BlueVine business line of credit review

Financing simplified with options for new businesses and bad credit — but its it worth the cost?’s rating: 4.5 / 5.0


Bottom line: BlueVine offers simple lines of credit and invoice financing to businesses that might not qualify for a bank loan. But its weekly repayments can be inflexible and it doesn’t disclose maximum rates. Read our full review or get our 30-second take.


Min. Amount$5,000
Max. Amount$250,000
Loan Term6 to 12 months
Min. Credit Score600
APRStarting at 4.8%
Requirements6+ months in business, $10,000+ in monthly revenue, 600+ credit score


  • Funding available within 24 hours
  • No origination, draw, termination or maintenance fees
  • No minimum invoice volume for factoring
  • Options for bad credit and businesses less than a year old


  • Weekly repayments on line of credit
  • $15 fee for same-day funding
  • $5,000 minimum first-time line of credit draw
  • Limited options fo partnerships and sole proprietors

Our take on BlueVine business loans

BlueVine is a direct online lender that offers business lines of credit and invoice factoring. It's simple to use and you can access your funds within one business day — or less, in some cases.

With low minimum withdrawal amounts and flexible requirements, it's well-suited for new companies and small business owners with less-than-perfect credit. It's also one of the few factoring companies I've reviewed that has no minimum invoice volume requirements.

But if you can qualify for a bank loan, you'll likely find lower rates and more flexible payments. There are also restrictions on the types of businesses that can qualify for each product. Read the fine print to make sure your business is eligible before you apply.

BlueVine line of credit

BlueVine offers a revolving line of credit from $5,000 to $250,000 to small businesses looking for easy-access working capital. These are secured with a lien on your business's assets and a personal guarantee from all business owners.

Unlike some providers, it has a minimum amount you can withdraw — $5,000 the first time around and $500 for all other withdrawals.

BlueVine line of credit rates, fees and terms

BlueVine charges a starting interest rate of 4.8% on its line of credit. There are no origination, monthly maintenance, draw or termination fees if you close your account. Each withdrawal turns into a short-term loan with a term of 6 to 12 months, which your business pays in weekly installments.

Use our calculator 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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BlueVine invoice factoring

BlueVine's invoice factoring service is in the form of a line of credit with limits high as $5,000,000. To use its factoring line of credit, select or upload the invoices you'd like to fund to your BlueVine dashboard and send a request. You can have the funds deposited into your account in as little as a few hours.

You can cancel your factoring line of credit at any time at no cost. And like most factoring companies, it only offers recourse factoring. This means you're responsible for any invoices that your clients don't fill on time.

BlueVine advance rates, factoring fees and terms

BlueVine offers advance rates of around 85% to 90% of your invoice's value. This is the amount your business receives upfront.

Each week your clients take to fill their invoices, BlueVine charges a factoring fee of at least 0.25%. After your clients fill your invoices, you'll receive the remaining value, with the factoring fee subtracted.

BlueVine PPP loans

BlueVine was a Paycheck Protection Program (PPP) lender while the COVID-19 assistance program was still open to applications. Currently you can't apply for new funds. But it's accepting applications for forgiveness from 2020 borrowers.

How PPP loan forgiveness works with BlueVine

BlueVine is reaching out to all businesses eligible to apply for forgiveness by email. This email should contain information about how to apply. After you apply BlueVine will pause all payments while the Small Business Administration (SBA) process your application.

Businesses that haven't received an invitation to apply for forgiveness aren't expected to take any action. But if you haven't received an email 30 days before your first payment is due, reach out to customer service.

BlueVine reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 3.43 out of 5 stars, based on 138 customer reviews
BBB customer complaints 85 customer complaints
Trustpilot Score 4.5 out of 5 stars, based on 6,592 customer reviews
Customer reviews verified as of 30 July 2021

BlueVine gets mixed customer reviews on sites like the Better Business Bureau and Trustpilot. Customers are generally happy with the simple application and fast turnaround. And the majority of complaints are about its business checking account product — not the loans.

It's seen an increase in complaints since 2020, while it was only offering PPP loans. Like many lenders, BlueVine's live customer support team was faced with a higher volume of calls than it typically handles. Because of the unique circumstances, I don't think this reflects what you'll find with BlueVine today. Older customer reviews likely give a better idea of what you can expect.

How to qualify

BlueVine has a different set of requirements for lines of credit and invoice factoring.

BlueVine line of credit requirements

To qualify for a line of credit, your small business must meet the following criteria:

  • At least six months in business
  • Personal credit score of 600 or higher
  • At least $10,000 in monthly revenue
  • Registered as a corporation or LLC
  • Not located in North Dakota, South Dakota, Puerto Rico or US territories
  • Eligible industry

BlueVine invoice factoring requirements

To qualify for invoice factoring, your small business must meet these minimum requirements:

  • At least three months in business
  • Personal credit score of 530 or higher
  • At least $10,000 in monthly revenue
  • Business-to-business or business-to-government business
  • Eligible industry

Unlike the line of credit, invoice factoring is available in all states. Sole proprietors and partnerships can also qualify — though they will be subject to a hard credit check after approval.

Ineligible industries

BlueVine doesn't offer financing to businesses in the following industries:

  • Auto dealerships
  • Donation-based nonprofits
  • Financial institutions and lenders, including insurance and cryptocurrency
  • Political campaigns
  • Controlled or illegal substances and paraphernalia, including cannabis and hemp
  • Firearms and paraphernalia
  • Adult entertainment and paraphernalia
  • Illegal gambling

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 three months of bank statements along with your application — or connect with your business checking account. 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 repayments, which are automatically deducted from your business bank account.

How long does it take to receive my funds?

If you pay for a $15 wire transfer, you can receive your funds within a few hours after you're approved. Otherwise, you'll typically receive your funds the day after approval — though it can take as long as three days for the bank transfer to go through.

This applies to both types of business financing.

What sets it apart

BlueVine's easy-to-use website, low credit score and monthly revenue requirements set it apart from other providers. Its lack of a minimum invoice volume and the fact that it doesn't charge termination fees also set it apart from factoring companies. This makes it a good option for businesses operating on the smaller end.

Where it falls short

Compared to other online lenders, BlueVine falls short when it comes to requirements. It might accept new businesses and bad credit. But its restrictions on industries, states and even business structures can be limiting for some small businesses.

And while it doesn't disclose rates, several of its customers have complained of the high cost. If you can qualify for a line of credit from your bank, you will likely find lower rates and fees.

More products available through BlueVine

BlueVine isn't just a financing company — it also offers other banking services to small businesses.

  • BlueVine's business checking account comes with a 1% interest rate on balances up to $100,000 and doesn't charge monthly service or nonsufficient funds fees. There's also no minimum checking account balance and it accepts cash deposits.
  • BlueVine Payments offers a simplified platform to manage one-time and recurring payments. It allows you to make more payments by credit card to maximize points.

These two products come together — when you sign up for one, you have access to the other. Read our review of BlueVine's business checking account to learn more about how it works.

Is it legit?

BlueVine is a legitimate online lender that has funded over $14 billion in business loans since its founding in 2013. It's also passed the muster for a few federal standards. It's a member of the Federal Depository Institution Corporation (FDIC). And the SBA approved BlueVine to be a direct lender for the PPP.

However, because it's a financial technology company, it doesn't have to meet the same regulatory standards as a bank.

Alternatives to BlueVine

BlueVine can be a good choice for small businesses that need fast, regular funding while spending minimal time on the application. But it's much more expensive than a traditional business loan. If you have the time to spend on the application, consider applying with a community bank first.

It's also possible to find faster financing with other online providers like OnDeck. Many invoice factoring companies offer higher advance rates and work with invoice volumes twice as high as BlueVine. FundThrough is an online factoring company that can fund up to $10 million in unpaid invoices with a 100% advance rate, less the fee.

Use our table to compare personalized options by selecting the ranges for your credit score, time in business, revenue and how much you'd like to borrow. If your business doesn't meet the requirements your application will be rejected. You can also read our guide to BlueVine alternatives for more details on how BlueVine compares to other lenders.

Name Product Filter Values Min. Amount Max. Amount APR Requirements

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
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.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
29.9% to 99.9%
625+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
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.

Compare up to 4 providers

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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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