BlueVine competitors and alternatives

While Bluevine started as an invoice factoring provider, it sold its factoring business to FundThrough in early 2022. This new-and-improved version offers higher advances than previously available through — up to 100%, minus fees.

Unlike most factoring companies, FundThrough integrates with QuickBooks Online and OpenInvoice to automate the application process — with no paperwork required. The automated process meansit can send you the funds as soon as the next business day. It also doesn't require you to sign a contract committing to months of financing or factoring services. But while invoice factoring can reach $10 million, it only offers financing up to $15,000. Some accounting software also may not be compatible with Fundbox.

Kabbage Funding offers a very similar line of credit to BlueVine. It offers a quick no-doc application for a low-fee line of credit. There are no prepayment penalties, application fees or origination fees. However, instead of interest, Kabbage charges a flat monthly fee ranging from 2% to 27% of the loan per month, depending on the loan term. Kabbage simply charges flat monthly fees based on how much you borrow.

It also offers slightly lower credit limits starting at $2,000 — compared to BlueVine's $5,000 minimum — and it only requires one year in business, making it a more attainable option for newer businesses. But it requires a higher credit score than BlueVine, of at least 660.

Wells Fargo offers multiple business line of credit products, including unsecured and secured options. For example, the Small Business Advantage line of credit is for businesses with less than two years in business and comes with no annual fee.

When you apply for a business line of credit, Wells Fargo will match you to the product based on eligibility. However, for each line, how much you pay in interest is dependent on the prime rate. And Wells Fargo doesn't have the best track record with regulators, and overall, customer reviews are poor.

OnDeck is an online lender offering business term loans and lines of credit. Unlike BlueVine, OnDeck can fund your loan within a matter of minutes. Instant funding is available for $1,000 to $10,000 transactions at no extra cost. For other draws, funding time is one to three business days.

While that speed is impressive, rates start at a high 29.9%, making it potentially more costly than BlueVine. OnDeck also states that the average rate for lines of credit is 48.9% APR. With starting rates that high, OnDeck may be better if you're in a tough spot and have exhausted all other options.

Like BlueVine, FundBox is an online lender that offers lines of credit tailored to the needs of B2Bs. It's one of the few no-doc lenders out there, connecting to your accounting software instead of asking for financial statements and tax returns, which helps speed up the application process and relieve stress with hardcopy paperwork.

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%. It also frontloads these fees, so you won't save much by paying off your loan early. And Fundbox has a lower credit limit of $150,000 compared to BlueVine's $250,000.

Lendio is an online business loan marketplace that is useful for comparing 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 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 loan amounts and rates vary by lender.