How do new clients qualify?
New applicants who qualify for Flex 12 typically have:
- Minimum time in business of two years
- A Corporation or LLC
- FICO score of 650 or greater
- Revenue of $500,000 or greater annually
How do existing clients qualify for Flex 12?
The same criteria applies for existing BlueVine clients as well. However, we require that existing clients demonstrate at least 10 consecutive weeks of successful repayments, the account must be in good standing, as well as meeting the FICO and revenue requirements, before requesting to switch over to Flex 12.
To see if you qualify for Flex 12 please reach out to your our Support Department at (888) 216-9619, Option1 then Option 2. If you qualify for Flex 12, we will confirm the change with the account holder. Once changed, all future draws will be on a 12 month payment plan.
Switching to Flex 12 will not affect any current outstanding draws. Any current outstanding draws on a 6 month schedule will remain on that same schedule for the lifetime of that draw.