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.