How may I qualify for a Bluevine Line of Credit? – Bluevine Help Center

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 625+
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.

Starting February 1, 2022, customers will earn 1.2% interest on the total balance of Bluevine Business Checking accounts and Sub-accounts up to and including $100,000. No interest earned on total balances over $100,000. As of May 1, 2022, customers will earn interest on total balances up to and including $100,000 only if they meet the monthly debit transaction or deposit requirements described in Section M of the Account Agreement. Any interest accrued and payable will be paid to your Bluevine Business Checking account.
Customers will receive a Bluevine Business Debit Mastercard only for use with the main Bluevine Business Checking account.
No limit on number of transactions. However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits of the Account Agreement.
The national average and comparison are based on interest rates paid by U.S. depository institutions as calculated by the FDIC.
Debit transactions must post to your account before the end of the month to qualify toward that month’s eligibility requirement. Bluevine Business Debit Mastercard is issued by Coastal Community Bank pursuant to a license from Mastercard Inc.
Qualifying transactions only include mobile deposits of customer checks, customer payments made via ACH or wire, and customer payments transferred from payment processing providers. These transactions must post to your account or sub-accounts before the end of the month to qualify toward that month’s eligibility requirement. Transactions that do not qualify include, but are not limited to, mobile deposits of checks drawn on accounts you hold at any institution, cash deposits, and transfers from any of your external accounts, except those associated with payment processing providers.

Weekly Payment Plan

Monthly Payment Plan

How do new clients qualify?

How do existing clients qualify for Flex 12?

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