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Business financing options like BlueVine

The top alternative providers to BlueVine for business loans.

BlueVine is an online lender that offers lines of credit and invoice financing as an alternative to bank loans. It can fund your loan within 24 hours after approval and has options for businesses with credit scores as low as 600 and as little as 6 months in business. Unlike similar providers, there are no origination, draw or maintenance fees.

But other online providers offer faster, less-expensive or more flexible options for some business owners. Sole proprietors and partnerships may particularly want to consider these alternatives, since business with those structures have limited options at BlueVine.

Our 6 top alternatives to BlueVine

  1. If you want instant funding: OnDeck
  2. If you want a 100% advance on invoices: FundThrough
  3. If you want to avoid paperwork: FundBox
  4. If you want a short-term loan: LoanBuilder
  5. If you want an unsecured line of credit: Excel Capital Management
  6. If you want to compare providers: Lendio

For instant funding

OnDeck short-term loans


4.6 / 5
★★★★★

Go to site

on OnDeck Capital's secure site

OnDeck is an online lender offering business term loans and lines of credit, so you'll want to skip this one if you're interested in invoice factoring. Unlike BlueVine, it can fund your loan within a matter of minutes — without an extra fee. It also rewards loyalty with reduced fees for companies that apply for a second and third loan. OnDeck can be more expensive than BlueVine's, with rates starting at a high 35%. And it also requires weekly or daily repayments.

Pros
  • Instant funding at no extra cost
  • Builds business credit history
  • Lower costs for repeat borrowers
Cons
  • Daily or weekly repayments
  • Higher starting rates than BlueVine
  • No invoice factoring
Loan amount$5,000 – $250,000
APRAs low as 35%
Min. Credit Score600
Loan Term3 to 24 months
Requirements600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account

For a 100% advance on invoices

FundThrough Invoice Factoring and Financing


4.5 / 5
★★★★★

FundThrough is an online provider that offers both invoice factoring and financing. Where BlueVine typically advances between 85% and 90% of your unpaid invoice's value, FundThrough can advance as much as 100%. It also offers a wider range of advances, from $500 to $10,000,000. While factoring fees may be lower if your clients fill their invoices within 30 days, FundThrough might be more expensive than BlueVine for longer terms. Its weekly invoice financing fee is also higher than BlueVine's weekly factoring fee.

Pros
  • Advance rates as high as 100%
  • Low minimum and high maximum amounts
  • Offers invoice financing and factoring
Cons
  • Fees may be higher than BlueVine
  • Fast funding may require specific software
  • Only offers invoice financing up to $15,000
Loan amount$500 – $10,000,000
APRNot applicable
Min. Credit ScoreNone
Loan Term1 to 3 months
RequirementsRegularly receives invoices due within 30 to 90 days.

For a no-paperwork application

Fundbox lines of credit


4.2 / 5
★★★★★

Go to site

on Fundbox's secure site

Like BlueVine, FundBox is an online lender that offers lines of credit that are tailored to the needs of business-facing businesses. It's one of the only paperwork-free businesses lenders out there, connecting to your accounting software instead of asking for financial statements and tax returns. But it's more expensive than BlueVine. It charges a weekly fee instead of interest, which works out to an APR starting at around 35%. And it frontloads these fees, so you won't save much by paying off your loan early. It also offers relatively low credit limits that top off at $150,000.

Pros
Cons
  • More expensive than BlueVine
  • No credit limits over $150,000
  • Not transparent about how pricing works
Loan amount$1,000 – $150,000
APRNot stated
Loan Term12 or 24 weeks
Requirements6 + months in business, $100,000+ in annual revenue, 600+ credit score

For short-term loans

LoanBuilder business loans


4.24 / 5
★★★★★

LoanBuilder is a PayPal service that offers short-term loans to businesses that struggle to qualify for traditional financing. You can apply online through the LoanBuilder website and get your funds in as little as one business day. Like many alternative business loan providers, LoanBuilder charges a flat fee that can work out to APRs over 100% on the shorter loan terms available. It also doesn't work with all industries — businesses like law firms and management companies will need to look elsewhere for financing.

Pros
  • Accept fair credit
  • No origination fee
  • Only requires nine months in business
Cons
  • Fixed fee translates into high APR
  • Short loan terms
  • Not all industries can qualify
Loan amount$5,000 – $500,000
APRNot stated
Loan Term3.25 to 12 months
RequirementsAnnual business revenue of $42,000+, 9+ months in business, 620+ personal credit score

For unsecured lines of credit

Excel Capital Management unsecured business loans

Excel Capital Management is both a direct lender and a marketplace — if your business isn't a right fit for its financing, one of its partner members might be. Your business can also apply for both secured and unsecured lines of credit through Excel Capital Management — BlueVine only offers secured. It also offers invoice factoring and a wide range of other financing options like SBA loans, but you can't choose the financing type you want when you apply. And Excel Capital Management's site isn't as clear about loan features as some other lenders.

Pros
  • Multiple offers at once
  • Available in all 50 states
  • Unsecured lines of credit available
Cons
  • Can't choose loan type in application
  • Must be in business for at least one year
  • $50,000 annual revenue required
  • Unable to see rates or fees before applying
Loan amount$5,000 – $5,000,000
APR60% to 6%
Loan Term3 to 24 months
Requirements3+ months in business, $100,000+ annual revenue

For comparing providers

Lendio business loans


4.75 / 5
★★★★★

Go to site

on Lendio's secure site

Lendio is an online business loan marketplace that can be useful if you want to quickly compare personalized offers. It partners with over 75 lenders — including BlueVine — with options for startups and poor credit. Since business loan providers rarely disclose the maximum rates and fees that they charge, it can be a helpful way to find a lender that best fits your business's needs. But you may receive marketing calls from its partners after you receive your funds. And some of its providers may have higher rates and fees than you'd find with BlueVine.

Pros
  • Network of over 75 partners
  • Quickly compare personalized rates
  • Turnaround time as fast as 24 hours
Cons
  • May receive marketing calls
  • Potentially high rates or fees
  • Recent warning from FTC
Loan amount$500 – $5,000,000
APRStarting at 6%
Loan Term1 to 25 years
RequirementsOperate business in US or Canada, have a business bank account, 560+ personal credit score

How BlueVine compares

These are the main benefits and drawbacks to borrowing with BlueVine.

Pros

  • No origination, draw or maintenance fees
  • Accepts bad credit and new businesses
  • No minimum invoice volume for factoring

Cons

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

You can also read our review of BlueVine for a detailed overview of what this provider offers.

Compare more business loans

Fill out the form with information about your business and yourself to compare personalized options.

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

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

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
Finder Rating: 4.7 / 5: ★★★★★

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

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ 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.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
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Compare up to 4 providers

See how other top providers compare to different lenders by checking out A-to-Z directory.

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