BlueVine Review 2019 - Read This Before Applying

BlueVine Review 2019 - Read This Before Applying
Jackie Lam
on March 23, 2020
Read in 3 min

Does your small business deal with cash flow issues?

If so, you’re not alone.

According to a U.S. Bank study, 82% of businesses fail due to poor cash management, or from a poor understanding of how cash flow contributes to the business.

One of today’s leading online providers offering business capital is BlueVine.

In this BlueVine review, we’ll go over the ins and outs of borrowing from BlueVine, including fees and lending nuances.

BlueVine Reviews – A Brief History

Founder and CEO Eyal Lifshitz told the Wall Street Journal that he was inspired in 2013 after witnessing his father, a physical therapist, struggle with cash flow problems when his customers had a 90-day billing cycle.

In early 2016 BlueVine secured $40 million in venture capital and has been growing since.

Financing Options

BlueVine is an alternative to traditional bank loans providing short-term financing for businesses in two ways:

  1. BlueVine FlexCredit (their flexible Business Line of Credit)
  2. Invoice Factoring.

BlueVine Invoice Factoring

While you may already be familiar with how a line of credit works, invoice factoring can provide a short-term solution to cash flow problems.

Invoice factoring is only for B2B businesses whose customers are other businesses.

With traditional invoice financing, you sell your unpaid invoices to a company at a discount.

Invoice factoring oftentimes gets a bad rap, and according to Forbes the liquidity it provides can be pricey.

But with this online lender, your invoices are converted to cash that becomes available as a line of credit for your business.

These digital platforms are modernizing invoice financing and streamlining the whole application process.

For instance, you can select which invoices you want to be paid early and you only need to take as much cash as you need – up to $5 million.

You’ll be paid for invoices due in 1 to 12 weeks and receive an advance of 85% of the invoice, and the rest of the outstanding balance after the customer pays the invoice, minus BlueVine fees.

Fees & Terms for Invoice Factoring

For invoice factoring, there is no origination fee.

The APR ranges from 17 – 60%, and you’ll need to repay it anywhere from 1 to 12 weeks, depending on the payment term of the invoice.

There are no other fees, except if you elect to do an optional wire transfer, which costs $15 per transfer.

BlueVine Line of Credit Reviews

With FlexCredit, you may be eligible to receive credit lines from $5,000 to $200,000 that’s available whenever you need it.

Plus, the available credit replenishes as you repay.

Fees & Terms for FlexCredit

For BlueVine’s Flex Credit, there’s an origination fee of 1.50% and the APR range from 16 – 62%.

What Do I Need to Qualify?

BlueVine is for businesses that have a strong cash flow, operating history of at least 6 months, and business clients that have strong credit.

Requirements to qualify for Flex Credit:

  • A personal FICO® credit score of at least 600
  • Annual revenue above $60,000

Requirements to qualify for Invoice Factoring:

  • A personal FICO® credit score of at least 530
  • Annual revenue above $70,000

However, you don’t need to explicitly prove profitability and you also don’t need a minimum average bank balance to be eligible.

If you declare bankruptcy, one year needs to pass since discharge.

You do not need invoicing or accounting software to link to your BlueVine dashboard, although it is helpful.


BlueVine is offered for those who operate businesses that sell to other businesses in industries such as manufacturing, wholesale, staffing, tech and software, professional services, and trucking.

BlueVine does not offer financing to businesses relating to gambling, the adult entertainment industry, the medical industry, or business to consumer (B2C) companies.

BlueVine Reviews – What To Watch Out For

High-Interest Rates

When you consider their higher interest rates and all the extra fees, their line of credit and invoice factoring are clearly more expensive than some competitors.

UCC Liens

As we’ve covered in a previous post, a bank lien is a legal claim that is sometimes buried in the fine print of small business loans whereby a borrower’s assets are made vulnerable.

This lender may demand to be first in line to relinquish your assets if you default on a loan.

They do this to ensure they’re able to recoup the losses if you’re unable to make your payments.

How To Request Financing from BlueVine

The process is pretty straightforward:

It can take about five minutes online, and once you’re approved, you’ll have access to funds within 24 hours.

Getting a Small Business Loan - LendGenius

You’ll need the following:

  • General info about your business, such as address and tax ID
  • Info about the business owner, including social security number
  • Either a read-only connection to your business’s bank account, OR your 3 most recent bank statements

How Will My Credit Be Affected?

BlueVine does a soft credit pull when you apply online and give your written consent for them to check your credit through Experian.

If you accept an offer, BlueVine will then do a hard credit pull and report to business credit reporting bureaus, such as Dun & Bradstreet, Equifax, and Experian.

Remember, this is just one of the many online lenders making it easier for small businesses to increase cash flow.

Check Out These Other Alternative Lender Reviews

Spend time doing your research comparing different terms, interest rates, and the pros and cons of different lenders and financing options.

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Jackie Lam Finance Journalist

Jackie Lam is a personal finance writer and and blogs at Cheapsters, which helps freelancers and artists get creative with their money.

Her work has appeared in Investopedia, Business Insider, Huffington Post, and Acorns’ Grow Magazine.

When not writing about money she enjoys roller derby, volunteering, and writing fiction.

BV VIctim
1 year ago
Blue Vine is a business killer - collecting every penny they can and when you need them they are gone. Stay away 
1 year ago
Blue Vine keeps quite a bit of leverage over you as a customer that is not initially disclosed. The company claims to not store your bank log-in credentials used to initially verify you as a qualified borrower. My initial agreement was a 6 month credit line draw that could be accessed as long as I was within my credit limit and making the agreed payments. In my case, I changed my password after being approved for $8,000 flex credit arrangement with Blue Vine and my account was put on hold within one month. When Blue Vine lost the access to look over my shoulder using my bank log-in credentials my account was put on hold. A phone call with a representative confirmed they either needed updated log-in credentials to my bank or monthly statements to lift the hold on the original qualified funding. After realizing this and promptly paying off the loan, the release form to close the account was the most ridiculous one-sided legal document I have ever seen. I would classify this company as a creepy lender with a strangely clean web presence.

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. is not a lender or lending partner and does not make loan or credit decisions. connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless,’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.