BlueVine offers the best fast business loans for most businesses.
In part, that’s because BlueVine offers two versatile financing products: a business line of credit and invoice factoring. A line of credit gives you revolving credit, so you can use it over and over again, making it a great source of flexible working capital. And since invoice factoring lets you get money from unpaid invoices, it offers a good cash flow solution for businesses that invoice their customers.
Fortunately, we see plenty to like about both of BlueVine’s business funding options. They have low starting rates (in fact, BlueVine’s line of credit has one of the most competitive interest rates we’ve found from an online lender) and few other loan fees. And with invoice financing up to $5 million, BlueVine has some of the largest loan amounts on this list.
Now, BlueVine does have higher business revenue requirements than many other lenders, so not all businesses will qualify for its financing. But BlueVine has moderate credit score requirements and lends to very young businesses, making BlueVine more accessible than a traditional lender.
And by the way, BlueVine is one of a few lenders that offers same-day financing. Yes, you’ll need to pay an additional wire transfer fee to get it―but even so, BlueVine might be the fastest lender on this list.
So between its flexible financing, low costs, and moderate borrower requirements, BlueVine is our favorite source for fast and easy business loans.