Bluevine Review: Lines of Credit and Invoice Financing

This lending company offers business lines of credit and invoice factoring services―both with competitive rates.
Best for larger loans
4 out of 5 stars
  • pro
    Funding for various needs and qualifications
  • pro
    Flexible funding options
  • con
    Limited availability in some states
  • con
    No early repayment benefit

Data effective 1/23/23. At publishing time, pricing is current but subject to change. Offers may not be available in all areas.

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Many online lenders have just one kind of financing, like a line of credit. And that’s fine, but sometimes it’s good to see a lender that offers a little more flexibility with its financing. Enter Bluevine, a lending company with (at the moment) two competitive business financing products - which is why we have listed it as one of our top 5 best business loans in 2023.

But are Bluevine’s financing options actually worthwhile? Well, that’s what our Bluevine lending review will help you figure out. We’ll explain what kinds of small-business owners should apply with Bluevine, break down its funding products, and give you some more reasons why Bluevine lending or Bluevine lines of credit may or may not be right for you.

Bluevine is best for flexible financing (for businesses with moderate revenue)

pro Simple, quick application process
pro Large funding amounts available
pro Financing for various needs and qualifications
con Limited availability in some states
con No benefit to early repayment

First things first: Bluevine loans might look like great options for startups, since you can apply for financing after just three months in business. But compared to some other alternative lenders, Bluevine lending has a relatively high revenue requirement: it requires at least $10,000 per month or $120,000 a year. (For reference, Fundbox and Kabbage require just $50,000 in annual revenue.)

So if your startup is just finding its financial feet, Bluevine likely won’t work for you.

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Qualifying for a Bluevine loan

Min. credit score
Min. revenue
Min. time in business
Apply Now

Line of credit



6 mos.

Invoice factoring



3 mos.

Data effective 1/23/23. At publishing time, pricing is current but subject to change. Offers may not be available in all areas.

Bluevine loan options

On the other hand, if you’ve got the revenue to qualify, Bluevine loans have a lot to like.

For example, Bluevine lending usually offers three different types of financing. (Bluevine isn’t currently offering term loans.) Its financing amounts range from small ($5,000) to huge ($5 million). Its interest rates start at a very competitive 4.8%.

That means that Bluevine’s financing options can meet a wide variety of needs―whether you need a lot of cash while you’re waiting on customers to pay up or you need a small line of credit to handle seasonal inventory purchases.

Minimum requirements
Remember, meeting minimum requirements isn’t a guarantee you’ll get approved―but it improves your odds. The better your application, the more likely you are to get approved (and the better the rate you’re likely to get!).

No wonder Bluevine ranked highly on our list of the best small-business loans.

Bluevine loan options

Since you’re still reading, we assume you still think Bluevine loans sound interesting. Great! So let’s go ahead and dive deeper into Bluevine’s actual financing options―and figure out if it offers the funding you need.

Bluevine financing options

Loan size
Lowest listed rate
Repayment terms
Learn more

Line of credit



6–12 mos.

Invoice factoring

Up to $5 million



Data effective 1/23/23. At publishing time, pricing is current but subject to change. Offers may not be available in all areas.

First up, let’s look at Bluevine’s line of credit (LOC). Like any business line of credit, Bluevine’s LOC is a type of revolving credit―which means it lets you borrow as much as you want, up to your credit limit (much like a credit card). As you repay the money you borrowed, you can borrow more. That makes it great for cash flow needs, like purchasing inventory or paying bills while you wait for clients to pay their invoices.

Once you’re approved for a Bluevine LOC, you can use your online dashboard to draw from your line at any time. Your first draw has to be at least $5,000, but after that you can draw as little as $500. Whenever you draw funds, you’ll have between 6 and 12 months to repay your draw via automatic weekly or monthly debits. (Bluevine will let you know the exact terms and conditions for your line of credit.)

Is your business in North Dakota, South Dakota, or Vermont?

Bluevine doesn’t offer lines of credit in your state if you live in North Dakota, South Dakota, or Vermont. If you’re in Vermont, you can still get a term loan or invoice financing. But if you’re in one of the Dakotas, you’re limited to Bluevine’s invoice financing.

If you run the sort of business that invoices your customers, you might be more interested in Bluevine’s invoice factoring (they recently partnered with Fundthrough). When you get approved, Bluevine will give you a credit limit. Then you submit your unpaid invoices, either by uploading them or letting Bluevine sync with your accounting software. Bluevine will give you up to 90% of the invoice amount, and you can submit as many as you want―up to your credit limit. Bluevine also has a more competitive interest rate starting at 4.8% in comparison to our other top 2023 best business lines of credit. 

Your customers will then pay their outstanding invoices (hopefully), and those payments go to Bluevine. Fortunately, unlike some factoring companies, Bluevine tries to let you keep control over your customer relationships. It actually sets up a bank account number and a PO box in your business's name, and your customers can submit payments to either of those. So customers never have to find out that you’re using invoice factoring. Nice, right?

Once your customer pays their invoice, you get the remaining percentage of the invoice value (minus Bluevine’s fee). But watch out―if your customers don't pay up, you’re on the hook for the money Bluevine's line of credit gave you. So if you have problems getting customers to pay up, this probably isn’t the right type of funding for you.

Invoice factoring 101

Invoice factoring companies technically don’t provide business loans. They actually offer cash advances on unpaid invoices. (But many people refer to factoring companies as lending companies anyway.)

Applying for Bluevine loans

So how do you actually go about getting financing from Bluevine?

Like most online lenders, Bluevine has tried to make its application as painless as possible. You start by giving Bluevine some basic information about your business, like its name, revenue, and type of customers.

After all that, Bluevine will ask to connect to your business bank account. It uses that connection to review your financials and decide whether or not to approve your application. (But don’t worry―Bluevine promises to keep your data safe.)

Don’t want to connect your bank account?

Bluevine’s FAQs say that you can provide your last three months of bank statements instead. But its online application doesn’t give you this option, so you’ll need to get in touch via phone or email to do so.

If you like, you also have the opportunity to link your invoicing or account software. While we get why you don’t want to hand out your financials like candy, Bluevine says that this connection can help you get approved for a higher credit line. It can also pre-fill your application with the info from your software, which is handy. And if you get approved, this connection will give you one-click invoice financing.

At any rate, after you complete your application, you can expect a decision within 24 hours (though that’s typical turnaround and not a guarantee).

Hopefully, you’ll get approved, and then you can choose whether to get financing through ACH transfer or a wire transfer.

Easy as pie.

Bluevine banking

Want more than just a loan? BlueVine has recently started offering business checking accounts too.

Bluevine customer reviews

Still thinking Bluevine sounds like a good deal? Well, lots of customers agree with you. Bluevine has pretty positive reviews across the web.

Bluevine has a 4.4 out of 5 on Trustpilot.1 Most Bluevine reviews praise its helpful customer service. Many borrowers rave about their account managers, with many reviewers mentioning quick and clear communication. Business owners also seem to like Bluevine’s quick application and funding process, and some of them mention Bluevine’s competitive rates.

So what don’t people like? Well, some negative Bluevine reviews complain about the automated application, saying it failed to properly identify their business’s revenue or other details. We saw several complaints about unexpected freezes on credit lines (because of revenue changes, missed payments, or surprise underwriting process problems). And at least one business owner didn’t realize that Bluevine would place a lien on their business (see the FAQs below) and was upset about that.

Again, most Bluevine reviews are positive. And while there are negative reviews out there, Bluevine does seem to actively respond to them with promises to address the problem. Whether or not it makes good on those promises, we can’t say. But at least it’s making the effort.

The takeaway

Bluevine has multiple financing options, low starting interest rates, and positive customer reviews―all great reasons for small-business owners to choose this lending company for their financing needs. Sure, its moderate revenue requirements mean that Bluevine lending might not be the best fit for every business out there.

But for many businesses―including yours?―Bluevine's loan advantages will make it an excellent financing choice.

Don’t have the revenue to qualify for Bluevine yet? Check out some other great options on our list of the best small-business loans for startups.

Related reading

Bluevine FAQs

Yes, Bluevine does report to credit bureaus. That means that paying off your Bluevine loan on time could improve your credit score (but it also means that late payments or defaulting on your loan can hurt your credit).

Either way, you're likely to see some effect on your FICO score.

Bluevine doesn’t require specific collateral to secure its loans, but it does require a lien on your business assets and a personal guarantee (as most lenders do).

Yes, Bluevine is safe. As we discussed above, you can find many positive reviews for the company. In fact, Bluevine has funded more than 20,000 businesses.3 In other words, it’s definitely not a scam. So as long as you borrow responsibly, you should be fine.


At, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

1. Trustpilot, “Bluevine.” Accessed January 22, 2023.
2. Bluevine, “About Bluevine.” Accessed January 23, 2023.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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