BlueVine offers many different company funding solutions. The company also offers business checking accounts and payment management services in addition to providing BlueVine loans, which include invoice factoring and lines of credit.
Benefits and drawbacks
Numerous company solution offerings suggest you’ve got the choice to help keep more under one umbrella
Speed up the payment procedure with invoice factoring, makes it possible for you to receive an advance on outstanding invoices.
Fast funding on both credit line and invoice factoring
Personal credit line requires A ficoВ® that is 650+ Score
Payment period for credit line is quick: either 6 or one year
Repayments on the web of credit are extracted from your account weekly
BlueVine Small Company Loan Terms, Prices, and Charges
Loan amounts: lines of credit as much as $250,000; invoice factoring as much as $5 million
Simple rate of interest range: 4.80%- 24% for 6-month-term credit line; 4.8% – 40% for 12-month-term personal credit line; 0.25% – 1.5percent per week for invoice factoring (Updated at the time of 4/9/2021.)
Origination cost: None
Draw cost for credit lines: 1.6% – 2.5% for 6-month term; 1.6% – 3% for 12-month term
Minimal credit history: 650 for credit line; 530 for factoring
Time to funding: Once a few hours after being qualified
Other Loan Providers
In the research for the lender that is best to your requirements, start thinking about exploring these other small business lenders. It might be beneficial to observe how BlueVine even compares to Kabbage and other alternate loan providers.
What forms of Loans Does BlueVine Provide?
As previously mentioned, BlueVine has two funding productsвЂ”lines of credit and invoice factoringвЂ”in addition to something permitting clients to deliver re payments to vendors and a small business bank account.