The Bluevine Line of Credit ranges from $6,000 to $250,000 with a term of either 6 months or 12 months. Your credit line amount will be determined based on a review of your business’ overall risk profile, personal and business FICO scores via Experian, as well as other factors.
Line of credit customers pay no fees for opening, maintaining, prepayment, or account closure. You’ll have the ability to request funds as you need and replenish your available line of credit automatically as you make repayments on your draws. All draw requests are subject to review and approval.
After 45 days of payment on Flex6, or 90 days of payment on Flex12, you may be eligible for a credit line increase. To request an increase, go to your Line of Credit tab in your dashboard. In the upper left hand corner, click the “i” next to your available credit. Next, click Request Increase and enter the total desired credit line.
If you’re interested in a business line of credit with Bluevine, check out our guide to learn everything you need to apply.