Bluevine for construction

A business line of credit gives you access to funding when you want it. Unlike traditional one-time loans, a Bluevine Line of Credit is “revolving credit,” meaning your available credit replenishes as you make repayments, so you can draw additional funds without having to fully re-apply.

Once approved for a credit line, you can request funds directly from your Bluevine dashboard. We’ll deposit funds in your account as soon as a few hours, pending review and approval. Depending on which repayment plan you qualified for, we’ll automatically debit your account for weekly or monthly repayments. As you pay off your balance, the amount of available credit automatically replenishes.

With funds in as fast as 24 hours, a Bluevine Line of Credit lets you take advantage of growth opportunities early.

You could use a line of credit to cover payroll, hire full-time or seasonal employees as you need them, stock up on extra materials in uncertain economic times, cover gaps between jobs, or buy equipment for your next big project. You could also renovate your office, warehouse, or storefront, or lease a larger one. Check out our resources for construction businesses above to get more ideas.

Bluevine provides business owners with customized financing options that meet their specific needs. When you apply for a Bluevine Line of Credit, you’ll also be considered for funding from our network of lending partners.^BVSUP-00126 Our partners offer a variety of funding options, including term loans and SBA loans.

Term loans and lines of credit are two different types of business loans.

Your repayment schedule and terms may vary and are determined by your lender.

A sub-account is an account with its own dedicated account number that you can use in addition to your main Bluevine Business Checking account. All Bluevine Checking accounts have the same routing number, but each sub-account will have a unique account number.

Sub-accounts help organize your finances as your business grows and operations become more complex. You can use sub-accounts to:

• Control which accounts your vendors, suppliers, or contractors can bill to
• Separate taxes and other expenses from your business profit
• Budget amongst different spending categories

Currently, each Bluevine Business Checking account can have up to 5 sub-accounts with the Standard plan. You can have up to 10 sub-accounts with our Plus plan, or up to 20 sub-accounts with our Premier plan. You can also issue debit cards with unique card numbers for each sub-account. Eligible customers can earn up to 3.0% APY on main account and sub-account balances with one of our business checking plans.

Learn how sub-accounts can help organize your finances.

There are multiple additional user roles, each with different permissions.^BVSUP-00076 For example, authorized users can have similar permissions to an administrator, which could be great for co-owners or trusted employees who need to send or approve payments. The employee role is another option that features fewer permissions but still has the ability to make purchases by card.

You can also invite your accountant to become an additional user. With the accountant role, they can access the transaction and tax information they need using their own sign-in credentials.

Learn more about the different roles you can assign additional users.