Bluevine's minimum qualifications are lower than Kabbage's.
Bluevine's application process is one of the simplest we reviewed.
This is lower than most other small business loan providers except Bluevine.
The process of qualifying with Bluevine begins with its 10-minute online application.
Bluevine only requires a minimum credit score of 530,
whereas Kabbage requires 550.
Bluevine Businesses that want to use invoice factoring
for financing up to $5 million.
Positive Bluevine reviews came from customers who were impressed
with their helpful customer support.
In evaluating if your business qualifies for a line of credit, Bluevine considers:.
Bluevine also offers a $250,000 line of credit,
and you could get both loans.
Compared to other loans we evaluated, the loan amounts for Bluevine stood out.
You can apply to Bluevine via its online application in just 10 minutes.
Positive Bluevine reviews came from customers who were impressed
with its helpful customer support team.
Positive Bluevine reviews came from customers who were impressed
with its responsive customer support team.
Bluevine Businesses that need easy factoring for outstanding B2B
or B2G invoices up to $5 million.
If you invoice your customers, Bluevine may be the Kabbage competitor that you are seeking.
Bluevine's 600-plus minimal credit rating is increased than all of the suppliers on our list.
In addition to this, its nine-month operational minimum falls between other options like OnDeck and Bluevine.
We considered Bluevine reviews by users from around the web,
and determined that Bluevine generally has positive ratings.
In addition to invoice factoring, Bluevine also offers a line of credit that you can qualify for.
You can apply for A/R financing with Bluevine via its online application in 10 minutes or less.
Applying for Bluevine online takes about 10 minutes, and
you can expect approval and funding after just 1-3 days.
Bluevine is very transparent with their pricing,
providing a range from .25% to 1.35% per week for its factoring facility.
However, Bluevine also offers a small business line
of credit with funding of up to $250,000 with similar qualification requirements.
Also, unlike Fundbox, Bluevine requires your customer relationships to be assigned to them,
which can be difficult for some businesses.
Similar to Fundbox, Bluevine allows you to repay the line of credit on a weekly basis over six months.
While Kabbage requires that your
business has been operational for a year, Bluevine requires only three months of invoicing history.
We compiled user reviews from around the web and determined that Bluevine has a mix of positive and negative ratings.
Bluevine was very transparent about their fees when we called,
reporting their highest rates to be 1.35% per week on invoice factoring.
While Bluevine also offers a monthly repayment option,
you need a 650 or higher credit score and $500,000 in annual revenue to qualify.
Bluevine only requires a minimum 530 credit score, $100,000+ in annual
revenue, and three+ months of business history to qualify for invoice financing.