BlueVine Small Business Loans Review


Rating: 9.2 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
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Based in California, BlueVine is a small business lender that offers lines of credit and invoice financing services. Business owners can receive up to $5 million in funding in as little as 24 hours after filling out a 5-minute application online.

How is BlueVine rated?

Breakdown

9/10
Loan Options
9/10
Application Process
9/10
Rates & Fees
10/10
Reputation

Overall Rating: 9.2 / 10 (Excellent)

BlueVine is a great option for small business owners looking for lines of credit or invoice financing. Lines of credit are available up to $250,000 and invoice financing up to $5 million. While APRs are not extensively mentioned, they do state that there are no penalties for terminating the service, which is great for businesses who only need help in the short-term. Additionally, their quick application and speedy funding times are convenient for making payroll, purchasing inventory, materials and equipment, smoothing cashflow and expanding marketing efforts.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Business Lines of Credit

Max Loan Amount
$250,000
Min Term Length
6 months
Max Term Length
12 months
Repayment Terms
Weekly and monthly payments

Invoice Financing

Min Loan Amount
$20,000
Max Loan Amount
$5,000,000

Loan Options - 9.1 / 10

BlueVine offers business owners two lending solutions: lines of credit and invoice factoring, also known as invoice financing. Lines of credit are available up to $250,000 and can be repaid in 6 or 12 months. Invoice financing is available for up to $5 million. With BlueVine's online dashboard, clients can draw funds from their line of credit or fund invoices instantly if they connect their account to any of a number of accounting applications. A wire transfer fee of $15 applies. ACH payments are free of charge. Additionally, for its invoice factoring customers, BlueVine assigns clients their own PO Box where they can receive payments and other mail from their own customers. This seems like a convenient option for online businesses.

BlueVine Rates & Fees

Lines of Credit

Min. Simple Interest
4.8%

Lines of Credit

Fees: No long-term contracts or termination fees.

Invoice Financing

Fees: No long-term contracts or termination fees.

Rates & Fees - 9 / 10

Lines of credit are available from BlueVine with simple interest starting at 4.8%. There is no other information regarding APRs or other fees for lines of credit. However, BlueVine's website states that their services do not require a long-term contract and will not include termination fees. This is great for people who only need help getting over a rough patch and foresee business will pick up in the short-term.

Application & Qualifications

Online Application
Approval Time
As little as 24 hours
Funding Time
As little as 24 hours

Application Process - 9.2 / 10

Business owners can apply for lines of credit or invoice financing through BlueVine's simple online application, which also involves the creation of an online account. This is the same account clients can use to manage their lines of credit or invoices. Funding can be approved in as little as 24 hours, and the money can be received soon after if the client opts to get an ACH electronic transfer. Additional qualification requirements include cash flow, customer base, and credit history. Line of credit customers must have a credit score of 600 or higher, a revenue of $10,000/month, and be 6 months or more in business. On the other hand, invoice factoring customers must have a score over 530, a revenue of $10,000/month, and be 3 months or more in business.

BlueVine Reputation

Customer Feedback

TrustPilot Score
9.3 out of 10
BBB Rating
A+
BBB Positive Reviews
0
BBB Neutral Reviews
0
BBB Negative Reviews
4
Date Collected
2018-03-06

Reputation - 9.7 / 10

BlueVine is accredited and rated A+ by the BBB. Only four customer reviews are posted on their profile, all of which are negative, along with 5 complaints. However, they seem to be based on customers' misunderstanding of the loan terms, and the company is active in responding to these reviews. On the other hand, their Trustpilot reputation is very positive, with a 9.3 out of 10 rating. Customers praise how easy and fast it was to receive funding from the company.

Contact & Additional Information

Homepage URL
Company Phone
(888) 216-9619
Headquarters Address
401 Warren St., Redwood City, CA, 94063
Year Founded
2013

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Our Partner
9.2 / 10
  • Lines of credit up to $250,000
  • Invoice financing up to $5,000,000
  • Apply online and get a decision in minutes
  • Once approved, receive funds typically within 24 hours
  • No long-term contracts and no termination fees
  • Must have $250,000 in revenue