Line of Credit by BlueVine

Line of Credit by BlueVine

Get the security of a true revolving line of credit for recurring needs. Draw whenever you want, pay only for what you use. Interest is only charged on the balance and you will never be penalized for paying it off early.

Nav's Verdict

Cost
70% Complete
LowHigh
Effort to Apply
20% Complete
EasyDifficult
Funding Speed
10% Complete
MonthsMinutes
Repayment Terms
50% Complete
MonthsYears

8/10

Bottom Line

A line of credit can be a great asset to your business. It allows you the flexibility to draw funds when you need it, and you only pay interest on the balance.

Pros

Fast and flexible, same day deposits, prepayment benefits.

Cons

Line of credit unavailable in some states.

Qualification requirements

Time in Business

At least 6 months in business

Annual Revenue

At least $120,000

Other Requirements

You must have a 600+ credit score and no bankruptcies in the past year

Cost
15% - 78% APR
Repayment Terms
Weekly or monthly payments for 6 to 12 months
Funding Amount
$6,000 - $250,000
Draw Fee
1.6% - 2.5%
Funding Speed
As fast as 1 day
Application Fee
None

Reviews

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