Lending
Weekly Payment Plan
To qualify for our line of credit, you must meet the following requirements:
- Your business must be a Corporation or LLC
- FICO score of 600+
- 6+ Months in Business
- $10,000 per month in revenue or $120,000 annually
- No bankruptcies within one year
Please note, these are the minimum requirements. Meeting these requirements will not guarantee approval.
The line of credit can have one of two payment terms, 26 weeks or 12 months. For the former, all draws are repaid in 26 weekly installments. For the latter, all draws are repaid in 12 monthly installments. Our underwriting team will automatically review you for both terms and provide an offer for whatever product you qualify for.
Monthly Payment Plan
How do new clients qualify?
New applicants who qualify for Flex 12 typically have:
- Your business must be a Corporation or LLC
- FICO score of 650+
- 2+ years in business
- $10,000 per month in revenue or $120,000 annually
- No bankruptcies within one year
How do existing clients qualify for Flex 12?
The same criteria apply to 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 our Support Department at (888) 216-9619, Option 1 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.