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Review of BlueVine

Gintarė Bespalovaitė

  • Reviews Icon 27 Reviews
  • Points Icon 357 Points
  • Screenshots Icon 14 Screenshots

Overall Experience
Ease of Use
Pricing
Customer Service
What does BlueVine do well?
BlueVine offers small business owners loan options to address short-term financing needs. It is very easy and quick to set up and you can access your funds in no time, so it's great if you need help really fast (it usually takes up to 12 hours to get approved, for some plans - 10 minutes). It's very ideal to deal with unpaid invoices and it even considers customers who have bad credit.
What does BlueVine not do well?
The financing options are very expensive, as the annual percentage rates of APRs is high on its term loans. You could say it is the most expensive than any other business loan option. BlueVine term loan requires weekly repayments, while its line of credit is repaid weekly or monthly, which can be a big problem for small business owners, who have uneven sales.
What do you wish you had known about BlueVine before using?
BlueVine is not my first option if I am looking to get a fast loan. There are many other options that are cheaper and doesn't require constant monitoring. On the other hand, it's very easy to set up and you can get started to work on your funds very quickly.
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