BlueVine Logo

Loan Amounts


$5,000 – $5 million

Loan Term


1 week – 52 weeks

APR Range


15% – 88%

Min. Credit Score



Editorial Rating

BlueVine Analysis & User Reviews: Edition 2021

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Loan Amounts


$5,000 – $5 million

Loan Term


1 week – 52 weeks

APR Range


15% – 88%

Min. Credit Score





0% origination/closing fee

Funding Time


24 hours

Years in Business


At least 6 months

BBB Rating



Min. Revenue


$10,000 a month



Not available in North Dakota, South Dakota or Vermont

BlueVine Logo

Editorial Rating

Has COVID-19 hit your small business venture? Are you struggling to keep your company afloat?

Have no fear, BlueVine can help.

BlueVine is an online lender that caters to small businesses in need of cash. They may take advantage of its:

  • Paycheck protection program loans
  • Line of credit
  • Invoice factoring
  • Term loans

We researched the platform and read multiple BlueVine reviews to conclude that businesses can benefit from this service’s various favorable advantages.

So if you:

  • Need quick money loans
  • Have B2B customers that don’t pay on time
  • Don’t meet credit requirements with other lenders

BlueVine has your back.

So, let’s dive right in and analyze in detail the services that BlueVine lending services available for your small business.

What Is BlueVine?

This is a global online small business lending company that provides multiple loan offers. BlueVine was founded in 2013 by Eyal Lifshitz who saw his father, a physical therapist, struggle with inconsistent cash flow when insurance companies were slow to pay. This gave birth to the idea of helping merchants, and specifically small business owners.

BlueVine provides customers with a PPP, line of credit, invoice factoring, and term loans.

The PPP was created to help businesses keep their employees on payroll. In this case, business loans are forgivable when used to cover the average monthly payroll cost or operating costs.

Lines of credit are similar to credit cards as you have a set amount that you can use. You will only start to pay back interest on the amount borrowed only when you draw from the line of credit to receive cash. BlueVine provides revolving business lines of credit which means that your credit replenishes as you pay back what you have borrowed.

Invoice factoring will see BlueVine buy your invoices and give you a lump sum of cash. That way a business has finances to work with and does not have to wait for invoice payments to go through. But rates and terms will depend on a business’s personal credit score.

Term loans include your business getting cash upfront upon request and then making weekly or monthly payments immediately.

Keep in mind though that the terms and loan eligibility for each type of loan will differ. In some cases, fees can be pretty steep

Now, let’s see what you can use the loans for.

What Is BlueVine Best for?

BlueVine funding reviews reveal that this service caters to small businesses that want to borrow money online. This means that companies with a small workforce or those that haven’t been in operation long can submit business loan applications. It’s usually difficult for such businesses to secure financing. Traditional ways of funding are often unavailable due to the impossibly high interest rates.

There are plenty of other reasons to use BlueVine in addition to consolidating a debt with a business loan or as an economic injury disaster loan.

You Need Cash and Fast

One of the greatest advantages of BlueVine is that you can get funded in a matter of minutes. Quick loans are available and can be a life-saver for businesses in need of emergency funding. A line of credit is received in 12 hours on average, invoice factoring can be secured in a few days, while term loans give you access to funds in as little as 10 minutes following the loan approval.

Problems with Unpaid Invoices

Many businesses have problems with invoices, with not all clients paying them on time. If your business depends on timely payments, any delayed invoice can be bad news.

BlueVine will provide funding against invoices due in 1 to 13 weeks. You will receive an advance of between 85% and 90% of the invoice amount. You will receive the remainder of the amount once the client pays it off while BlueVine will deduct their professional service fee.

You Have Bad Credit

Business loans for bad credit can be a real pain to secure. Banks and other forms of traditional lending fall short with their steep interest rates even for personal loans for bad credit, let alone for business loans. BlueVine meanwhile allows you to make convenient loan requests even with a minimum credit score of 630.

The qualifications to apply, the loan requirements, and interest rates might differ based on the type of loan and the market place but you’ll still have a chance to get funding if you are denied money elsewhere.

Getting Started with BlueVine

Start your application with BlueVine by creating an account on their website. Fill out a free application by answering some personal questions about your business and yourself. You’ll also need to provide your most recent three-month bank statements. You can also do so by allowing read-only access to your bank account.

So, how does BlueVine work after you apply?

After getting your BlueVine login, you will have the option of connecting your invoicing software, if you are using one, to the BlueVine dashboard. If your software isn’t compatible with the BlueVine platform, you can create invoices right there in the interface.

You will also be contacted by a BlueVine representative to guide you through the entire process and answer your questions.

The approval will be based on several factors. In addition to your business history, BlueVine looks into your transaction volume, social media presence, and your clients’ creditworthiness.  Don’t think that this process doesn’t require a credit check. BlueVine initially performs a soft check on your finances so you don’t have to worry about a potential impact to credit score. However, if you accept the offer, a hard check will be done later on.

You will receive BlueVine capital in about 24 hours after approval and you will have ready access to working capital. Or you can start drawing from your line of credit or start selling invoices immediately. Most money transfers usually take two to three business days. That said, if you are dealing with a client that is unknown to BlueVine, it might take some 24h as they need to check their creditworthiness. With BlueWine, you can borrow money online instantly and can receive funds in just a few hours for a fee of $15. Otherwise, your funds will be ready in one to three business days.

Terms & Requirements

Each of BlueVine’s products has different terms and requirements.

Paycheck Protection Program Loans

  • Loan Amount: $2 million or 2.5 times average monthly payroll costs
  • Interest rate: 1%
  • Loan term: 2 years, no payment required for the first 10 months.

The main requirement for a PPP loan is having fewer than 500 employees. Ventures with more workers will have to consider alternatives.

Line of Credit
  • Loan Amount: $5,000 to $250,000.
  • Interest rate: Starts at 4.8%
  • Loan term: 6 or 12 months.

There are two types of lines of credit — a 6-month and a 12-month loan. To apply for a six-month line of credit (Flex6), your business has to be at least 6 months in business, have a credit score of 600, and establish a yearly revenue of $120,000.

If you want to borrow money for 12 months (Flex 12), your business has to be an LLC or a corporation. Your business has to have been operational for at least 2 years and you also have to have a credit score of 650 and business revenue of $500,000 a year or a credit score of 620 and annual revenue of $900,000.

BlueVine line of credit is unavailable for non-profit organizations nor for financial services. Companies from South Dakota and North Dakota are not eligible to apply either.

Invoice Factoring
  • Loan Amount: $20,000 to $5 million.
  • Interest rate: 15% to 68%.
  • Loan term: 1 to 13 weeks.

Invoice factoring is available for business to business (B2B) and business to government (B2G) businesses. One of the main business loan requirements is of course having unpaid invoices. Businesses also have to have been operational for at least 3 months, have a credit score of at least 530, and a yearly revenue of $10,000. Invoice factoring is available to borrowers in the United States for all 50 states.

Term Loan
  • Loan Amount: $5,000 to $250,000.
  • Interest rate: Starts at 4.8%
  • Loan term: 6 or 12 months.

To qualify for a BlueVine loan term, in addition to having to choose the loan amount, you have to meet certain requirements. These include having been at least 6 months in business, having a credit score of no less than 600, and revenue of $120,000 per year.

User Reviews

As part of our lending platform review, we also made sure to take a look at how others view BlueVine. The platform has an A + rating with the Better Business Bureau. There are also very few complaints found on the net about how they work. On TrustPilot, for instance, 4.1-star rating based on over 3k reviews. The great majority of BlueVine PPP reviews were positive, with customers being delighted with the high quality of service.

If you take a look in more detail, you will notice that they are handling the bad BlueVine reviews almost immediately as they answer and try to resolve the issues as fast as possible.

The few complaints that we found involved loan denials. Also, a few people didn’t like the fees and interest rates.


The thing that makes BlueVine so good are the services that they are able to provide to their customers. You can both cut your monthly payments and not having to worry about collection practices.

Rates & Fees

Depending on the type of the loan you apply for, its amount, and term, BlueVine will charge you different fees and interest rates.

Line of Credit

As noted above, BlueVine offers two lines of credit, Flex6, and Flex12.

  • Credit Facility size: $6,000 to $250,000
  • Term length: 6 or 12 months
  • Interest rate: 0.3%-1.5% per week (Flex6), 1.5%-6.5% per month (Flex12)
  • Draw fee: 1.6%-2.5% per draw
  • APR range: 15%-75%

Whichever line of credit you decide to use, the maximum loan amount will be $250,000. The amount that you can qualify for still depends on how well your business is doing. Once you get approved, you can draw funds any time you like from your line of credit. While there is no origination fee, there is a draw fee that starts at 1.6%.

Your installment loans can be repaid in 26 weeks (Flex6) or in 12 monthly installments (Flex12).

Invoice Factoring

After you create your BlueVine login, you will notice that the platform offers credit facilities of up to $5 million, with a $20,000 minimum loan amount. However, the amount that you are able to qualify for is still contingent on a number of factors related to your business.

  • Credit facility size: $20,000 to $5 million
  • Advance rate: 85%-90%
  • Discount rate: 0.25%-1.7% per week
  • Max overdue account: 13 weeks
  • Wire transfer fee: $15

After being approved for invoice factoring loans from BlueVine, you will not be able to use your business checking account. Instead, BlueVine will create a lockbox bank account for you. It is a sort of a bank account in your name that the company is able to access. Your customers will deposit payments in that account where BlueVine is going to take their own cut and send the rest to you. You also have the option to request an advance (85%-90% of the invoice), but if you don’t, all the money will be sent to you once the customer pays.

You also need to be aware of late payment fees which are incurred after a two-week grace period. If there is no payment made, 2% to 3% of the amount due will be taken out, with a recurring fee of 0.2% and 0.3%, until the debt is settled.

Term Loans

Whether you need a startup business loan or equipment financing, a term loan from BlueVine can get the job done. They are actually similar to lines of credit, with the main difference being that you receive a loan as a lump sum payment.

  • Borrowing amount: $5,000 to $250,000
  • Term length: 6 to 12 months
  • Interest rate: starting at 4.8%

The amount that you are able to borrow will depend on the strength of your business. There isn’t a flat fee on the amount funded, instead an interest rate of 4.8% will be applied regardless of the amount.

Privacy & Security

The platform is a member of the Innovative Lending Platform Association (ILPA), whose members seek to set the best standards and practices as part of the online lending community.

BlueVine also uses an SSL encryption which protects all the information that you submit on the platform, meaning your credentials are secure. BlueVine specifically says that they do not sell any personal information that you leave on their site. If any such change occurs, you are completely free to opt-out by making a call to the customer service.

Customer Support

BlueVine reviews indicate that contacting the support team is really easy and our experience confirms it. If you want to contact the support team and learn how to get the most from your money you can do so either by phone or email. The service is available from Monday to Saturday during working hours. You can also send an email and you will receive a prompt reply.

Final Verdict

If you’re looking for the best way to borrow money, to help your business BlueVine might have the answer. While the platform doesn’t provide personal loans to borrowers, it definitely caters to small businesses in need.

What makes BlueVine different from the rest is the fact that they can provide help to fairly young businesses that don’t necessarily have a steady stream of income.

So with a less than stellar line of credit, businesses can get access to a broad loan range without much trouble.

BlueVine reviews show that the platform offers an easy way for a small business to get financed. That said, you can also check out our reviews of Fundera and One Park Financial.


  • Offers financing for startups or businesses that are less than a year old.
  • You can finance your business as fast as in 12 to 24 hours from applying.
  • Low personal credit score application.
  • No origination or maintenance fees.
  • Easy and quick application process.
  • Excellent BlueVine PPP reviews


  • Short repayment terms will result in high payment amounts.
  • Not available in all US states.
  • Repayments need to be made rather quickly.
  • A $15 fee for same-day funding.
BlueVine Logo

Editorial Rating


Is BlueVine legit?

Yes, BlueVine is completely legitimate and is considered as one of the best options for small business loans. The site is backed up by a personal guarantee with a general lien guarantee on the assets of your business. Also, BlueVine does not take any personal assets as collateral.

Does BlueVine report to credit bureaus?

BlueVine is one of the companies that report to business credit bureaus. BlueVine is not going to perform a hard pull on your finances initially, so you don’t have to worry about it affecting your credit score. That said, when you receive an offer and accept the financing terms a hard check is going to be made.

Is it hard to get a loan from BlueVine?

As one of the top loan connection companies, it’s fairly easy to get a loan with BlueVine so long as you meet BlueVine requirements. After you apply on the site and provide all the necessary information, it will take about 10 minutes to hear back from them with an offer. Once you receive them, just view loan offers and choose the one that you prefer. One of the advantages of BlueVine and one of the facts that makes getting a loan easier is that they don’t require a high credit score to get approved for a loan.

Who owns BlueVine?

BlueVine was founded by Eyal Lifshitz in 2013. Eyal was inspired to start the company due to the bad experiences and struggles that his father had with invoicing. Eyal’s father was a physical therapist and he often had a hard time making ends meet when his clients didn’t pay their invoices on time.

Does BlueVine offer coronavirus relief loans?

Yes, BlueVine is able to accept loan applications for the US Small Business Administration’s Paycheck Protection Program. The main reason for creating this program was to help businesses pay their employees during the COVID-19 crisis. This means that the business loans are forgivable if used to cover worker payrolls or the operating costs of the company. Numerous excellent BlueVine PPP loan reviews verify the exquisite quality of the service. We’re hoping that our review has been useful. That said, feel free to go through more BlueVine reviews to make sure this is the best option for your business. You can also check out some more lending platform reviews on SpendMeNot.