Bluevine Business Line of Credit Review
Bluevine business lines of credit isn't available on Finder right now.
- Min. Amount
- $5,000
- Max. Amount
- $250,000
- APR
- Starting at 7.8%
Our verdict
Fast approvals and same-day funding for fair credit borrowers, but a personal guarantee and weekly repayments are required.
Bluevine’s business line of credit is a great option for small businesses that need fast, flexible funding. The online application is quick, and funds can arrive as soon as the same day (for a small fee). Plus, with no setup, maintenance or prepayment fees, you only pay for what you borrow. But weekly repayments could strain your finances and a required personal guarantee means your personal assets are at risk if you default. Rates could also be high — there’s no maximum APR listed on the Bluevine site — so it’s worth shopping around to find the best offer.
Best for: Small business owners who need quick access to funds and can manage weekly repayments.
Pros
-
Fair credit accepted
-
Fast application and approval
-
Pay only for what you withdraw
Cons
-
Same-day funding costs $15
-
Repayments are weekly for most borrowers
-
APR can potentially run high
Is Bluevine legit?
Bluevine is a legitimate online lender that has funded over $14 billion in business loans since its founding in 2013. It is a member of the Federal Depository Institution Corporation (FDIC) and is accredited by the Better Business Bureau.
It protects customer data with encryption, two-factor authentication and ongoing fraud monitoring to help keep accounts secure. However, because it’s a financial technology company, it doesn’t have to meet the same strict regulatory standards as a bank.
What makes Bluevine business line of credit shine?
Bluevine stands out for its fast application, quick access to funds and borrower-friendly terms. The online application takes just a few minutes, and many applicants receive a decision the same day. Once approved, funds arrive as soon as the next business day with a free ACH transfer or within hours if you pay a $15 wire transfer fee. Unlike some lenders, there’s no setup fee, maintenance fee, prepayment penalty or termination fee.
It’s also more accessible than many traditional lenders. With a minimum credit score requirement of just 625, it’s an option for business owners who may not qualify for bank financing. Rates start at a competitive 7.8% APR, and if you make consistent payments, you could qualify for a credit limit increase.
Where Bluevine business line of credit falls short
While rates start at a competitive 7.8% APR, that’s reserved for the most qualified applicants. A maximum APR isn’t listed on its website, so it’s hard to know how high its rates go. And though Bluevine is up front about having no setup, subscription or maintenance fees, it doesn’t clarify whether that also means no origination or draw fees, which could make borrowing more expensive than expected.
You may also find repayment challenging. Most borrowers are required to make payments every week, which might put a strain on your cash flow. Bluevine also offers a monthly repayment option, but only if you’ve been in business for at least three years, earn $80,000 or more per month and have a FICO score of 700+. On top of that, all Bluevine lines of credit require a personal guarantee, which means you’re personally responsible if your business can’t make payments.
Bluevine business line of credit loan details
| Loan amount | $5,000 to $250,000 |
| APR | Starting at 7.8% |
| Loan term | 26 weeks for weekly repayment plan 12 months for monthly repayment plan |
| Min. Credit Score | 625 |
| Other requirements | 12+ months in business LLC or corporation $2,000 average monthly bank balance $10,000+ in monthly revenue No bankruptcies in the 3 years prior Link your business account or provide 3 months of bank statements Be in good standing with your Secretary of State |
| Fees | $15 wire transfer fee for immediate disbursement to external bank account Late fee of 5% of the missed payment ($36 minimum) No setup fee No maintenance fee No prepayment fee No termination fee |
| Availability | Not available in: Nevada, North Dakota, South Dakota |
Bluevine contact information
| Phone number | 888-216-9619 |
| support@bluevine.com | |
| Online | Bluevine Support |
| X, formerly Twitter | @bluevine |
| @bluevinecapital |
How to qualify for Bluevine business line of credit
To qualify for a line of credit, your small business must meet the following criteria:
- At least 12 months in business
- Personal credit score of 625 or higher
- At least $10,000 in monthly revenue
- Registered as a corporation or LLC
- Link your business account or provide 3 months of bank statements
- $2,000 average monthly bank balance
- No bankruptcies in the 3 years prior
- Be in good standing with your Secretary of State
- Not located in North Dakota, South Dakota, Puerto Rico or US territories
- Work in an eligible industry
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 to apply
Bluevine’s application process is fully online and takes just a few minutes to complete. Here’s how it works:
- Enter your business details. Start by providing information about your business, including its name, address, tax ID (EIN), annual revenue and any existing financing.
- Link your business bank account. Instead of uploading bank statements, Bluevine uses Plaid, a secure financial data provider, to connect directly to your business checking account. This helps verify your revenue and speeds up the review process.
- Provide personal information. Since Bluevine requires a personal guarantee, you’ll need to enter your name, Social Security number, date of birth, phone number, address and ownership percentage. At this step, Bluevine runs a soft credit check, which won’t affect your credit score.
- Submit your application. Once you’ve entered your details, Bluevine begins its review. You’ll receive an email confirmation, and if any additional information is needed, you can upload it through your online dashboard.
- Access your funds. If approved, you can start drawing from your credit line as soon as it’s deposited. Standard ACH transfers typically arrive by the next business day but could take up to three days. For faster access, choose a $15 wire transfer and receive funds within hours.
How Bluevine business line of credit compares to other lenders
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Bluevine reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.12 out of 5 stars, based on 147 customer reviews |
| BBB customer complaints | 326 customer complaints |
| Trustpilot Score | 4.2 out of 5 stars, based on 8,399 customer reviews |
| Customer reviews verified as of | 06 March 2025 |
On Trustpilot, the vast majority of Bluevine reviews are positive. Customers routinely compliment the company’s customer service team, praising them for being friendly, helpful and knowledgeable. More than one reviewer said that representatives were patient and took time to answer all their questions.
The negative reviews are varied — there doesn’t seem to be one consistent issue. Some of the problems mentioned include the inability to re-up the draw on a line of credit, unauthorized charges that were never resolved and a signing bonus that wasn’t paid.
Reviews on the Better Business Bureau (BBB) website are mostly negative, which isn’t too surprising, considering the BBB is a site where people typically go to lodge complaints. Problems mentioned range from difficulty transferring money and being locked out of their account to high interest rates and being transferred multiple times by customer service. But despite the reviews, Bluevine has an A+ rating with the BBB because it responds to complaints and attempts to resolve customers’ issues.
What do people on Reddit say?
On the negative side, several past customers reported bank accounts being closed with no warning, with one stating the company hadn’t sent a check for the remaining balance of $20,000 even though the account had been closed more than a month prior. Others complained about unfair late fees and trouble updating their information on the Bluevine site.
Frequently asked questions
How does the Bluevine line of credit work?
With a Bluevine business line of credit, you get approved for a set amount you can pull from whenever you need extra cash. Each time you take out money, it turns into a short-term loan that’s repaid in weekly or monthly payments. The repayment schedule is determined by your qualifications.
Is it hard to get approved with Bluevine?
Getting approved with Bluevine is easier than getting a traditional bank loan. To get a business line of credit through Bluevine, you’ll need at least one year in business, a personal credit score of 625 or higher, $2,000 average monthly bank balance and $10,000 in monthly revenue.
Does Bluevine still offer invoice factoring?
No. While Bluevine started as an invoice factoring company, it sold its factoring business to FundThrough in January 2022.
What other products does Bluevine offer?
In addition to offering business lines of credit, Bluevine also offers a business checking account. The standard checking account offers 1.5% APY on balances up to $250,000 with no monthly maintenance fees, NSF fees or ACH fees. You can also get a business term loan or SBA loan through Bluevine.
Bluevine business lines of credit is not currently available on Finder
Have you considered Fundera business loans?
Get connected with short-term funding, SBA loans, lines of credit and more.
- No hard credit check to use
- Funding Advisor provides products tailored to your business
- Funding as fast as 1 business day
- Required time in business: 6+ months
- Required annual revenue: $60,000+
- Min credit score: 550+
Your reviews
Christi Finder
Contributor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.