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Bluevine Small Business Loans: 2025 Review

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Susan Guillory
Susan GuilloryUpdated February 25, 2025
Founded in 2013, Bluevine is an online lender that offers small business lines of credit up to $250,000. Bluevine also offers business checking accounts and a business bill-paying platform.Bluevine is known for its fully digitized application and underwriting process, fast approvals, and fast funding. Once approved, borrowers can connect their business checking account (which doesn't have to be at Bluevine), and access funds within a day or two. If you opt to pay a $15 fee for a wire transfer, you can get your funds in just a few hours.While Bluevine’s rates tend to be high compared to traditional (and some online) lenders, their credit line is easy to qualify for and convenient to use. Keep reading for the pros and cons of Bluevine, types of loans offered by Bluevine, and whether or not Bluevine is the right lender for you.

Pros and Cons of Bluevine

ProsCons
• Cash can be available within 12 to 24 hours• Multiple term length available for different funding needs• Low minimum credit score requirement• Accepts borrowers with just six months in business• Multiple business service offerings mean you have the option to keep more under one umbrella • Interest rates can be high• Repayment period is weekly for new businesses• Six-month term line of credit may require automatic weekly payments • Personal guarantee required• Lines of credit not offered in Nevada, North Dakota, or South Dakota

Types of Small Business Loans Offered by Bluevine

Bluevine Line of Credit

A business line of credit is a revolving loan that gives you access to a fixed amount of capital, which can be used for any type of business expense. You can draw what you need from your line when you need it, and you only pay interest on the amount you borrow, not the full credit line. Available funds replenish as you pay them back.A line of credit can be a good option if you need extra working capital to cover recurring business expenses or bridge gaps in cash flow, or you simply want to have a safety net to rely on in case of emergency.Bluevine offers credit lines up to $250,000; the amount you can borrow will depend on the strength of your business. Borrowers pay back each draw with fixed weekly or monthly payments over 12 weeks, six months, or 12 months. Qualifications for the 12-month term credit line are more rigorous than those for the 12-week and six-month term. This is due to the fact that longer terms represent higher risk to the lender.  Bluevine lines of credit are available in all states except Nevada, North Dakota, and South Dakota.

Bluevine Small Business Line of Credit Terms, Rates, and Fees

Loan amounts Up to $250,000
Loan terms 12 weeks, six months, or 12 months
Repayment scheduleWeekly or monthly 
Minimum credit score 625+
Time to fundingAs fast as 24 hours
Fees  Starting at 7.8%; $15 wire transfer fee
 Information accurate as of Feb. 12, 2025.

Who May a Bluevine Small Business Line of Credit Be Right For?

Bluevine may be best for a business owner who:
  • Needs capital quickly. You can complete an application for a Bluevine business line of credit in just minutes and receive a decision the same day. Funds can be available anywhere from a few hours (for a $15 wire transfer free) to a couple of days.
  • Doesn’t meet criteria required by other lenders. For their six-month term line of credit, Bluevine considers borrowers with poor credit (a minimum FICO score of 625), as well as those who have only been in business for six months.
  • Has established revenue. While Bluevine’s time in business requirements aren’t rigorous, businesses must still demonstrate at least $120,000 in annual revenue. 

Who Bluevine May Not Be Right For

Bluevine may not be a good lending solution for a business owner who:
  • Can qualify for more affordable financing. If your business has the ability to qualify for a business line of credit from a traditional lender (or online lender with stricter qualifications), you will likely pay less in interest. 
  • Wants a longer repayment term. Bluevine’s lines of credit are only available with 12-week, six-month, or 12-month terms, with the 12-week and six-month products being easiest to qualify for. As a result, the shorter term may be the only option for many borrowers. If you’re looking for a longer term loan, you may need to look elsewhere.
  • Operates in certain industries. The following businesses or industries may not be eligible for Bluevine lines of credit: political campaigns, firearms, auto dealerships, controlled substances (including medicinal marijuana and hemp), financial institutions and lenders (including insurance, penny auction companies, and cryptocurrency), and donation-based nonprofits.

Bluevine Loan Fee Structure

Bluevine charges a simple interest rate that starts at 7.8%. Based on these rates, however, the APR (which represents the total annual cost of a loan) could go much higher.Bluevine does not charge origination fees, early payment penalties, monthly maintenance fees, or account closure fees.

Bluevine Loan Repayment

Bluevine offers business lines of credit up to $250,000, with repayment periods of 12 weeks, six months, or 12 months. Payments are then automatically deducted from the borrower’s business checking account on a weekly or monthly basis.

Bluevine Funding Eligibility Requirements

These are the minimum requirements for a Bluevine business line of credit:
  • 625+ FICO score
  • 6+ months in business
  • $10,000 in monthly revenue
  • Business is operating or incorporated in an eligible U.S. state (Bluevine’s credit lines are not available in Nevada, North Dakota, or South Dakota)

Applying for a Bluevine Small Business Loan

You can apply for a Bluevine line of credit online, and the company states that the entire process will take under two minutes. To apply, you’ll need to supply basic details about yourself and your business. Here’s what to have on hand:
  • Business name
  • Business address
  • Your tax ID/EIN
  • Annual revenue
  • Information about any existing financing
  • Personal information (your name, address, and Social Security number)
  • Percent of the business that you own
  • Information about any beneficial owners of your business
  • A connection to your bank account (or statements for the last three months)
Once you finish your application, Bluevine will work to verify your information. They will also do a soft check on your personal credit, which they say will not impact your credit score. They may get back to you regarding any additional information they need.If approved, you can request and receive funds in as fast as 24 hours. You’ll also get immediate access to your Bluevine digital dashboard, where you will be able to draw funds and schedule payments.

Bluevine Alternatives to Consider

Other lenders offer business lines of credit, including Fundbox, Bank of America, and Lantern by SoFi. Here’s how they compare to Bluevine:
  • Fundbox: Fundbox offers business lines of credit of up to $150,000 with terms of 12 or 24 weeks. Although the amount is less and terms are shorter than Bluevine’s, interest rates can be lower. Fundbox’s qualification requirements are also a bit lower. They accept borrowers with six or more months in business, a minimum credit score of 600, and a minimum annual revenue of $100,000.
  • Bank of America: If your business is well-established, you may want to look at a line of credit with Bank of America. Compared to Bluevine, qualification requirements are stricter and the application process and time to funding is generally slower. However, rates and terms will likely be more competitive.
  • Lantern by SoFi: Unlike Bluevine, Lantern by SoFi is a lending platform that connects borrowers to small business loans offered by a variety of trusted lenders. By filling out a single application, you get access to multiple loan options, including lines of credit, short-term loans, term loans, invoice financing, and commercial real estate loans. Loans up to $2 million are available to help you grow your enterprise.

The Takeaway

Bluevine’s lines of credit aren’t the cheapest, but their qualification requirements are among the lowest on the market. Even if your business is new or has poor credit, you may be able to qualify for a line of credit from Bluevine.If you’re in need of a small business loan, Lantern by SoFi can help you find the right financing for your business. Just fill out a simple form and see today’s rates for small business loans.Let Lantern by SoFi connect you with the right lender for your small business financing needs.

Frequently Asked Questions

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About the Author

Susan Guillory
Susan GuillorySu Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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