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Bluevine Review: Expert Analysis & User Insights for 2024
Consider Bluevine if you’re looking for a small business line of credit. Bluevine is a fast and easy online lender with flexible qualification requirements. Bluevine offers credit lines up to $250,000 and approves borrowers with credit scores as low as 625.
Min. Credit Score 625+
Loan Amount $5K-$250K
Loan Repayment 6-12 months
Written by:Gordon Scott
Reviewed by: Sarah Brooks, Personal Finance Writer and Editor
Fact Checked by: Somer G. Anderson, Accounting and Finance Professor
While 81% of customers rate Bluevine as “excellent”, 11% of customers rate their experience as “bad.” However, most of these bad reviews refer to Bluevine’s checking accounts.
Bluevine offers a 1% interest on their checking accounts, which is quite attractive. However, during the period between September and October 2021, the company underwent a transfer from one named entity to another, and some of the funds got held up and frozen. So, when looking at negative reviews, keep in mind that most of them are related to the frozen funds in checking accounts, and not Bluevine’s loan services.
In fact, most small business line of credit customers rate Bluevine as “excellent,” meaning that they are generally happy with their loan products. If you believe that you are the right type of customer for loan products offered by Bluevine, this alternative lender is definitely worth your attention.
| Positive Reviews | Negative Reviews |
| Customer care support team | High late fee payment |
| Simple and intuitive platform | Rejected draws |
| No minimum balance required | Notification factoring |
Summarized Ratings
User Reviews4.1
Loan Features2.5
Interest Rates & Fees3.3
Qualification Leniency4.2
Application Process4
Soft-pull impact on credit score5
Customer Support5
This parameter considers the scores achieved from independent user review sites, such as Trustpilot. Ideally, each platform’s rating reflects scores from three distinct user review sites. However, this isn’t always possible. Ultimately, the various scores were aggregated and averaged to establish an overall user reviews score.
Bluevine has a good User Reviews rating of 4.1. It reflects the average rating from 2 independent user review sites, including a Trustpilot score of 4.2.
Bluevine Review Video
Our small business loan expert, Gordon Scott, provides an in-depth analysis, including pros and cons, of Bluevine’s small business line of credit.
What is Bluevine?
Bluevine is a fintech company offering checking accounts and small business lines of credit to businesses with less-than-perfect credit scores. Backed by the FDIC, Bluevine is an attractive alternative to traditional banks and credit unions.
Bluevine Line of Credit Pros and Cons
Pros
Cons
When filling out the application form, make sure to read the fine print so that you don’t miss any important details. You will then be asked to share some details about your business. The answers you provide to the questions in the application form will determine what additional information you will be asked for.
Frequently Asked Questions(FAQ)
Which Games Are Available?
This app literally changed my like. It provides a great experience. I absolutely love it!
How do Online?
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Written by: Gordon Scott
Gordon Scott is an author, trading instructor, trading coach and curriculum developer for financial education. He served as the managing director for the CMT Association from 2013 to 2018, overseeing the development and production of the CMT exams and their curriculum.
More about meReviewed by: Sarah Brooks
Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.
More about meFact Checked by: Somer G. Anderson
Somer G. Anderson has been working in the accounting and finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a finance and accounting professor. Over that time, she's earned a doctorate in personal financial planning and her CPA, CGMA, and...
More about me