The bottom line:
BlueVine's business line of credit is a good option for short-term financing, like managing cash flow or buying inventory, but interest rates can be high compared to other online lenders.
BlueVine - Line of credit
Min. credit score
Pros & Cons
Cash can be available within 12 to 24 hours.
Multiple term lengths for different financing needs.
May require weekly repayments.
Requires personal guarantee.
Not available in North Dakota, South Dakota or Vermont.
Online lender BlueVine offers business lines of credit up to $250,000 that can be a good option for small-business owners looking for short-term working capital.
As of December 2021, BlueVine no longer offers its own invoice factoring product, and instead directs borrowers to apply for financing through a partnership with an invoice factoring company called FundThrough. FundThrough has also taken over the management of existing BlueVine invoice factoring accounts.
How Much Do You Need?
BlueVine is best for borrowers who:
Need cash fast: Funding times for BlueVine’s line of credit ranges from 12 to 24 hours.
Don’t meet credit requirements with other lenders: BlueVine considers borrowers with bad credit and six months in business.
Prefer a short repayment period: BlueVine offers lines of credit with repayment terms of six or 12 months.
BlueVine line of credit features
$5,000 to $250,000.
Estimated APR range
15% to 78%.
6 or 12 months.
Weekly or monthly.
As fast as the same day. May take up to three business days for funds to process, depending on your bank.
BlueVine line of credit requirements
BlueVine’s minimum borrower eligibility requirements include:
Credit score: 600+
Time in business: Six months or more
Annual revenue: $120,000 or more
BlueVine's line of credit is not available in North Dakota, South Dakota or Vermont.
Reasons to use BlueVine
You need fast cash
Applying is quick, and once approved, BlueVine may offer you a same-day business loan. On average, BlueVine can approve line of credit applicants in 12 hours.
You have bad credit
Poor credit can be an obstacle to obtaining small-business financing, but BlueVine considers you even if your credit score is below 630. The lender focuses on your business’s cash flow, which is why you’re required to connect your business bank account — or provide bank statements — as part of your application.
Where BlueVine falls short
Pricey financing option
With annual percentage rates of up to 78% on its business lines of credit, BlueVine is more expensive than many business loan options.
More frequent repayments
BlueVine's line of credit carries short repayment terms of up to 12 months, which results in higher payment amounts.
Its line of credit is repaid weekly or monthly. The high frequency of payments can pose an issue for businesses that have uneven sales or don't hold much cash in a bank account.
Compare business loans
If you’d like to compare loan options, NerdWallet has a list of small-business loans that are best for business owners. All of our recommendations are based on the lender’s market scope and track record and on the needs of business owners, as well as rates and other factors, so you can make the right financing decision.
Frequently asked questions
BlueVine is an online lender that provides business lines of credit for small-business owners. You can apply online in a few minutes, and once approved, you may have access to cash by the same day.
BlueVine accepted business loan applications for the U.S. Small Business Administration’s Paycheck Protection Program until the program ended on May 31, 2021. The first and second-draw forgivable loans were intended to help small businesses hard hit by the coronavirus pandemic to cover payroll costs and other expenses.