How do I maintain my credit line?

Your Bluevine Line of Credit gives you access to funds when you need them and can be a great tool to grow your business. To make sure your account remains in good standing, here are some ways to maintain your credit line:

• Connect your business bank account to avoid regularly uploading bank statements
• Keep your FICO score above 625
• Maintain a balance in your connected bank account
• Notify your account manager of significant changes to your business
• Contact us before pursuing additional credit elsewhere––your credit line can grow with you

Ways to keep your account active

• Keep an active bank connection. You can also upload your last three months of bank statements to your Bluevine dashboard
• Make payments on time
• Maintain a constant positive balance in your bank account
• Notify us if you take on additional debt or of any changes to your business operations

Reasons your credit line might be put on hold

• You’ve taken on additional debt with other lenders
• Your income has substantially decreased
• Personal FICO score drops under 625
• Multiple late payments to lenders or vendors on your business credit report
• Changes to your business operations (e.g. bankruptcy or closure)
• Material changes in your business
• Multiple overdraft fees or instances of insufficient funds in the last 30 days
• Missed repayments on existing Bluevine obligations
• Your business entity status in your incorporating state has lapsed
• Your business has been subject of an IRS tax lien or levy
• You max out your credit line frequently
• Your credit line is over-revolving (the face value of draws is higher than the approved credit line amount)
• Your credit has been frozen
  • To unlock your frozen credit, visit Experian¹

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