Small business loans to power growth

To qualify for a Bluevine Line of Credit, your eligible business must be a corporation or LLC in business 12+ months, with no bankruptcies on file, and in good standing with your Secretary of State. Your business must also earn $10,000 in monthly revenue––or $120,000 annually––and you must have a 625+ personal FICO credit score. It's easier to apply for a line of credit if you already have a Bluevine Business Checking account.

We’ll verify your information when you apply and each month after to ensure you remain eligible. The fastest way to do this is to connect your external bank account. If you don’t, you’ll need to manually upload bank statements from the last three months. Learn more about bank connections.

If you are a sole proprietorship, you cannot qualify for a Bluevine Line of Credit. However, sole proprietorships with a Bluevine Business Checking account may be able to apply for a line of credit through the Business Financing Center in their dashboard.

Stacking loans or credit lines can negatively impact your credit line and lead to your Bluevine account being put on hold. Please reach out to us before applying for credit elsewhere by visiting our contact us page or calling (888) 216-9619 from Monday to Friday 8am–8pm ET.

Yes, you may be eligible for business financing as a sole proprietor. However, since a sole proprietorship is not legally separate from its owner, lenders may rely more heavily on your personal credit, business revenue, bank activity, and other financial information when evaluating your application.

Here's how it works with Bluevine:

• You can apply through Bluevine if you have a Bluevine Business Checking account. Sole proprietors with a Business Checking account can submit one application and be considered for multiple financing options. The Bluevine Line of Credit is currently available only to LLCs and corporations, but sole proprietors may receive a line of credit or loan offer from a Bluevine lending partner, such as Fundbox or OnDeck, subject to the partner's eligibility requirements.^BVSUP-00206
• Your personal credit may matter. Lenders may review your personal credit history and other financial information more closely when evaluating financing for a sole proprietorship.

Here are a couple of tips to help build your business credit:

• Keep your business and personal finances separate. For example, use a dedicated business bank account or business credit or debit card for business expenses instead of a personal account or card.
• Consider forming an LLC or corporation over time. Forming a separate legal entity, such as an LLC or corporation, can help separate your business and personal finances and may help your business build its own credit profile. Entity formation does not guarantee financing approval or eliminate personal responsibility for business obligations, including any personal guarantees.

No, Bluevine doesn't offer term loans, but you can be considered for a term loan from our network of lending partners.

At Bluevine, eligibility requirements for a line of credit include 12+ months in business, $120,000+ annual revenue, and a FICO score of at least 625. Requirements for term loans through our partners and SBA loans may vary.

In some cases, you can get your notice of approval within minutes, and funding within as little as 24 hours.^BVSUP-00039

You can use your small business loan for anything related to your business, including real estate, equipment, payroll, inventory, cash flow, and more.

No, applying for a business loan will not impact your personal credit score.^BVSUP-00166