BlueVine

Up to $5 Million available

BlueVine is a fin tech company, not a bank. Banking services are provided by Coastal Community Bank while its flex line of credit is issued by Celtic Bank.

They offer business checking, invoice factoring and lines of credit.

Invoice Factoring

Turn unpaid invoices into working capital. Get an advance on your outstanding invoices. Factoring lines go up to $5 million with rates as low as .25% per week. Applying will not impact your credit score.

Requirements

  • U.S. based B2B business
  • 3+ months in business
  • $10k+ in monthly revenue
  • Business bank account
  • 530+ personal credit score

Business Line of Credit

Get a flexible revolving line of credit where you can draw as you need and pay only for what you use. Credit lines up to $250k and rates as low as 4.8%.

Requirements

  • 6+ months in business
  • 600+ personal credit scores
  • $10k+ in monthly revenue

CLICK HERE to apply

  • 1

    Remember - Bank & Lender Relationships

    At level 3 you should already have 10+ tradelines reporting from Level 1 and Level 2 combined. At level 3 it's key to establish multiple bank and lender relationships by maximizing your funding potential.

  • 2

    Tip - Leverage Newly Established Lending Relationships

    When you get a business line of credit it’s important to use that account on a periodic basis. Wait at least 6 months before requesting a credit limit increase or applying for a new funding product offered by a lender you have an existing business credit line with.

  • 3

    Tip - Payment Activity

    Always pay your bill on or ahead of the due date. Paying better than terms is ideal since this can improve your credit rating even more. Plus, a lender will always review your existing account history when you apply for more business credit or business loan with them.