Best for established businesses
- Loan amount
- $5k- $250K Term: 6 - 12 months
- Interest rate
Interest will typically be quoted as an annual percentage rate (APR), which reflects interest rate and any other charges and fees you may have to pay.
- Starting at 6.20%
- Fastest funding
- 1 business day
- Credit lines up to $250,000
- Access funds within hours
- No prepayment or monthly fees
- Dedicated account manager and customer support
Bankrate Rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Application is subject to approval. No monthly or maintenance fees. Card Replacement Fees and Wire Transfer Fees may apply.
Banking Services for payments made via ACH or wire from the Bluevine Business Checking Account are provided by Coastal Community Bank, Member FDIC. Certain Bill Pay funds, including Bill Pay with Credit Card, are temporarily held during payment processing by Silicon Valley Bank, N.A., a full-service bridge bank created and operated by the FDIC. Bridge bank services are subject to change without notice and may not be offered continuously. Money transmission services for International Payments are provided by a third party and are also subject to their applicable terms and conditions.
The Bluevine Line of Credit is issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC. Applications are subject to credit approval. Rates, credit lines, and terms may vary based on your creditworthiness and are subject to change. Additional fees apply.
PPP loans are made by one or more approved U.S. Small Business Administration (SBA) lenders. Loan agreements will identify the issuing lender to small businesses at signing. Qualified applications will be submitted to the SBA as soon as possible. Bluevine does not guarantee that applications will be processed and submitted before PPP funds are no longer available. Approval and loan forgiveness are subject to your availability to meet government-set eligibility requirements.
Certain financing may be made or arranged pursuant to California Financing Law-License No. 6054789.
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- Low minimum credit score
- High loan maximums
- Bank and borrow with the same company
- Requires $40,000 in monthly revenue
- Limited term length options
- Max interest rate not disclosed
WHAT TO KNOW
You’ll need 24 months in business and $480,000 in annual revenue. Qualify for monthly payments by doubling those minimums.
Lines of credit are unavailable in Nevada, North Dakota and South Dakota. Ineligible industries include political campaigns, controlled substances, pornography and paraphernalia and auto dealerships. Card replacement and wire transfer fees may apply.Business credit score:N/A
There are four companies that assess business credit scores: Dunn & Bradstreet (D&B), Experian, Equifax and FICO. Each calculates their own scores based on various scales. D&B and Experian rank on a 1-100 scale. FICO scores on a 0-300 scale. Equifax generates 3 separate scores based on business payment index (1-100), business credit risk (101-992), and business failure (1,000 - 1,880).Personal credit score:625
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator of the loans you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.Personal guarantee requirement?:No
This is a form of protection for lenders requiring the borrower to repay the loan from their personal assets if the business defaults. A personal guarantee can help some businesses access credit that typically wouldn't qualify.Minimum time in business requirement:2 yearsMinimum business annual revenue:$480,000