What is The Interest Rate For Bluevine Line of Credit? - According to the web search results, the interest rate for Bluevine Line of Credit starts at 6.2%. This is a simple interest rate calculated from total repayments over 26 weeks or 12 months. The credit line can range from $5,000 to $250,000 depending on your business qualifications. To apply for a Bluevine Line of Credit, you need to provide basic information about your business, connect your bank account, and verify your identity. You can get a credit decision in as fast as 5 minutes and access funds in as fast as 24 hours.
Some additional information that you might find useful are:
- Bluevine is a financial technology company, not a bank. Bluevine’s Line of Credit is issued by Celtic Bank.
- You can make repayments with fixed monthly or weekly payments over 6 or 12 months. As you pay off your balance, your available credit automatically replenishes.
- To qualify for a Bluevine Line of Credit, you need to have a FICO score of 625 or higher, be in business for 24 months or more, and have a monthly revenue of $40,000 or more.
- You can use a Bluevine Line of Credit for any business purpose, such as payroll, inventory, marketing, or cash flow.