BlueVine provides business owners with convenient access to capital for their everyday funding needs. Its business line of credit product offers financing based on 6-month and 12-month payment terms and credit lines of up to $250,000. You have access to a revolving line, meaning you can draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments. There are no fees to open or maintain your line, so you only pay the amount that you use.
BlueVine’s term loan product allows business owners to get a lump sum amount to grow their business. Apply online in minutes and have funds deposited in your bank account in as fast as a few hours. Pay a fixed, weekly rate over 6 or 12 months, with no origination fee. Advisors are available to walk you through the process and help you obtain the funds you need. The term loan also has a credit line limit of $250,000. Payments are auto-debited from your bank account each week.
With BlueVine’s invoice factoring, you can turn unpaid invoices into working capital. It allows businesses to receive cash advances on their outstanding invoices, offering credit lines of up to $5 million. You decide how many and which invoices to submit. Fund only what you need, when you need, without long-term contracts. Unlike a traditional loan, there are no recurring payments when your customer pays by the invoice due date. BlueVine charges a simple weekly fee due when the invoice is paid.
Need help selecting the right software for your business? Explore more options with our funding selection tool.