BlueVine Reviews

Compare BlueVine's Small Business Loans, including rates and terms, to popular lenders Kabbage, OnDeck, and Accion. Includes customer feedback and FAQs.

Updated on June 26th, 2020

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BlueVine Capital Inc. offers small business loans and cash advances to help companies meet their payroll, purchase supplies, or expand.

Updates:

Updated 18th of May 2020

We made it easier to compare BlueVine's business loan products with those of Kabbage, OnDeck, and Accion.

Also Consider

Kabbage

Fast, easy small business loans. Apply in 10 minutes and access your funds today.

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Up to $250k credit line.

Qualify in 10 minutes.

Pick 6, 12, or 18 month terms.

Pros and Cons:

Pros

  • Easy application process.
  • Fast loan approval and funding.
  • Lenient qualification requirements.

Cons

  • Not all products available in every state.
  • Weekly installments for term loans.
  • Short repayment terms.

Review:

BlueVine's services are commended for being fast and efficient. Where many lenders require borrowers to be in business for at least a year if not two, BlueVine's requirement in this respect is at least 6 months, making it a great option for startups that require fast funding. However, if you are looking for a long-term loan, you are better served elsewhere as BlueVine only offers short repayment terms.

Highlights:

  • Easy application process and fast approval and funding process.
  • Relaxed qualification requirements.
  • Suitable for startups.

Shortcomings:

  • Certain loan products are not available in all states.
  • Term loans require weekly payments.
  • Payment terms up to 12 months only.

Reputation:

BlueVine is BBB accredited and was given an A+ rating by the Bureau. Customer reviews on the Better Business Bureau site are overwhelmingly positive, praising BlueVine for great customer service and fast, seamless processes.

Loan Rates:

Loan Type

Loan Amount

Interest Rates

Payment Terms

Term Loan

Up to $250,000

Starting at 4.8%

6 or 12 months

Line of Credit

Up to $250,000

Starting at 4.8%

6 or 12 months

Invoice Factoring

Factoring lines up to $5,000,000

Starting at 0.25%

N/A

Paycheck Protection Program Loan

Up to $2,000,000

1.0%

2 years (no payments for 6 months)

BlueVine vs. Kabbage
BlueVine vs. Kabbage:

Unlike Kabbage, BlueVine also offers term loans and invoice factoring. Both offer lines of credit up to $250,000 but differ in their qualification requirements. Kabbage accepts lower credit scores but requires the business to be operating for at least one year whereas BlueVine only requires you to have been in business for a minimum of 6 months.

BlueVine vs. Kabbage Comparison:

Offer

BlueVine

Kabbage

Loan Type

Line of credit

Line of credit

Max. Loan Amount

$250,000

$250,000

Terms

6 or 12 months

6, 12, or 18 months

Interest rate

Starting at 4.8%

Monthly fees from 1.25% to 10%

Min. Credit Score

600

560

BlueVine vs. OnDeck
BlueVine vs. OnDeck

BlueVine and OnDeck both offer credit lines and term loans, but only BlueVine also offers invoice factoring. If you are looking for a term loan, OnDeck presents the more attractive offer with longer, more flexible payment terms (up to 36 months vs. 6 or 12 months) and a greater maximum loan amount ($500,000 vs. $250,000).

BlueVine vs. OnDeck Comparison:

Offer

BlueVine

OnDeck

Loan Type

Term loan

Term loan

Max. Loan Amount

$250,000

$500,000

Terms

6 or 12 months

3 - 36 months

Interest Rate

From at 4.8%

From 11.9%

Min. Credit Score

600

600

BlueVine vs. Accion
BlueVine vs. Accion:

BlueVine and Accion both offer term loans up to $250,000 at reasonably competitive rates. Accion, a nonprofit community organization, stands apart by being more accessible to borrowers with low credit scores. BlueVine, on the other hand, is a good option if you are interested in invoice factoring rather than a loan.

BlueVine vs. Accion Comparison:

Offer

BlueVine

Accion

Loan Type

Term loan

Term loan

Max. Loan Amount

$250,000

$250,000

Interest Rate

Starting at 4.8%

7% - 34%

Min. Credit Score

600

From 525 - 575 (can vary by state)

At-a-Glance:

Online Dashboard

Yes.

Mobile App

Yes.

Lines of Credit

Yes.

Term Loans

Yes.

Customer Support

Phone and email.

24/7 Support

No.

Key Information:

Legal Name

Bluevine Capital Inc.

Founder

Eyal Lifshitz

Founding Date

Aug 01, 2013

Address

401 Warren Street, Redwood City, CA 94063 United States

Number of Employees

250

Number of Customers

25000

Email

support@bluevine.com

Telephone

1 (888) 216-9619

Website

https://www.bluevine.com/

FAQs:

How does BlueVine work?

BlueVine Capital, Inc offers small business loans and cash advances to help businesses meet their payroll, purchase supplies, or expand. Once your business is approved, you can request funds via your online dashboard and get paid within a few hours.

Is BlueVine safe?

BlueVine has been BBB-accredited since 2014.

What is BlueVine's loan rate?

BlueVine interest rates start at 4.8%. There are no BlueVine fees to open or maintain a line of credit, no prepayment fees, monthly maintenance, or account closure fees.

What type of financial products does BlueVine Capital offer?

BlueVine offers lines of credit and invoice factoring.

What are the BlueVine line of credit requirements?

You need to be in business for at least six months, have a 600+ credit score, and $100,000 in annual revenue. You need to pay back each draw with fixed monthly or weekly payments over six or 12 months.

Bluevine

Which lending company is best for my business if I compare BlueVine vs. Kabbage?

Both BlueVine and Kabbage are popular lenders for small business. Kabbage has a wider variety of business loans and asks for a lower annual revenue stream. However, BlueVine only requires you to be in business for six months.

Who are the biggest BlueVine competitors?

Where is BlueVine's headquarters?

BlueVine's headquarters is located in Redwood City, CA.