Apply online for a business line of credit
Get the flexibility of a revolving line of credit.
you need and pay only for what you use.
Jesse U, MarketMe Video Production.
Credit lines up to $250,000
Rates as low as 4.8%BVSUP-00010
Approvals as fast as 5 minutes
How BlueVine Line of Credit Works
Provide us basic information about your business and get approved in as fast as 5 minutes.
Use your online dashboard to request funds, and get cash in your bank account within hours.BVSUP-00009
Pay back each draw with fixed monthly or weekly payments over 6 or 12 months.
Access more funds
As you pay off your balance, your available credit is automatically replenished.
Our product launch was a wild success, but we had to wait an average of 60 days before retailers paid us. In just a few days, BlueVine gave us the cash we needed to cover our expenses.
What you need
to get started
- 600+ FICO
- 6+ months in business
- $10,000 in monthly revenue
What you need to apply
- Basic details about you and your business
- Bank connection or year-to-date bank statements
Frequently asked questions
A business line of credit gives you the ability to access funding when you want, up to your credit limit. And unlike a traditional loan or merchant cash advance that is one-time, BlueVine’s Flex Credit is “revolving credit.” This means that as you repay back your outstanding funds, your available credit replenishes, and you can draw additional funds again as you like.
To use your BlueVine line of credit, here’s how it works: Once approved for a credit line, request funds directly from your dashboard. Funds are then deposited in your bank account in as fast as hours. Payments are automatically debited from your account each week or month over 6 or 12 months. As you pay off your balance, your available credit line is automatically replenished. Plus, because your repayments are calculated with simple interest, you can save on interest when you pay early. BlueVine doesn’t charge prepayment, or early repayment, fees.
To meet the minimum requirements for our Line of Credit, your business must have been in operation for at least six months, be a corporation or LLC, have a personal credit score of 600+ or more, and your business must generate at least $10,000 each month in revenue.
Due to regulations, we also cannot provide lines of credit to the following states:
- North Dakota
- South Dakota
If you don’t meet our Line of Credit requirements, you may be eligible for Invoice Factoring, which allows you to get a cash advance based on your outstanding invoices.
Weekly repayments are automatically debited from your bank account. As long as you have sufficient money in your bank account, you never have to worry about missing a payment.
As quickly as a few hours once approved. With BlueVine you can choose between ACH electronic transfers or bank wire transfers. ACH transfers are free and the funds usually appear the next business day (but may take up to three). A bank wire costs $15 per wire and funds are typically available in your bank account the same day.