BlueVine is the fastest, most convenient way for small businesses to get funding. Owning a small business can be incredibly rewarding. That’s why you started yours. But it can also be challenging when cash management is taking time away from running your business and when accessing capital for your business is a slow and difficult process.
That’s where we come in. We started BlueVine with two things in mind. First, to provide small businesseslike yours access to capital when you need it, so you don’t have to worry about making payroll or investing in growth. Second, to serve small business owners with speed, simplicity, and transparency – no long waits, paperwork, or hidden fees that happen with other financial institutions. Running a business is challenging; BlueVine makes working capital easy.
BlueVine is based in Redwood City, California and backed by leading venture capital firms and private investors. We are proud to enable small businesses to grow and thrive with our service.
BlueVine is a leading online provider of working capital financing to small businesses. We offer financing through our business line of credit or invoice factoring products. We believe in making business financing fast, simple, and transparent so business owners like you can spend your time growing your business, not managing your cash flow.
BlueVine offers credit lines between $5,000 and $5,000,000. Your credit line is the total amount of funding that you can have outstanding at any given time, and will replenish as you repay draws (for a line of credit) or as your customers pay outstanding invoices (for invoice factoring).
The BlueVine application is three simple steps that can be completed in minutes. We ask for:
1. General information about your business, such as address and Tax ID
2. Information about the business owner applying, including social security number
3. Either a read-only connection to your business’ bank account or your 3 most recent months of bank statements
Qualification for BlueVine is determined based on a number of factors. These factors include, but are not limited to, your business cash flow, the strength of your customers, and to a lesser extent your personal and business credit history. You do not have to have perfect credit to work with us. We work with a broad range of clients, including those with below average credit. While we evaluate many parameters when making a funding decision, we look for personal credit scores above 530 for our invoice factoring service and above 600 for our business line of credit service.
Repayment terms: Weekly for 6-month term, monthly for 12-month term
Term length: 6 or 12 months
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 you repay a draw, the principal portion (i.e. not fees) of your payment is added back to your available credit. For example, if your weekly payment is $150 and your fees that week are $10, then after your repayment your available credit will go back up by $140.
Monday through Friday (7am to 4:30pm Pacific Time)
Saturday (9am to 1pm Pacific Time)