| Loan Amount | Up to $5,000,000 |
| APR (Fixed APR) | Starting at 1% |
| Minimum Months in Business | 3 |
| Minimum Revenue | $120,000 |
BlueVine Invoice Factoring Review
BlueVine Invoice Factoring is offered by BlueVine, a direct lender founded in 2013 and based in Palo Alto, CA. BlueVine Invoice Factoring is available in 50 states (and Washington, DC).
What APRs does BlueVine Invoice Factoring offer?
The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.
Does BlueVine Invoice Factoring charge an origination fee?
No, BlueVine Invoice Factoring does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.
What type of invoice collection structure does BlueVine Invoice Factoring offers?
BlueVine collects payment for invoices directly from clients.What types of invoices does BlueVine accept?
BlueVine Invoice Factoring accepts the following invoice type when applying for accounts receivable financing.
- Business-to-business invoices (B2B).
What trade credit terms does BlueVine accept?
BlueVine accepts the following trade credit term. Trade credit terms are usually expressed as Net D, where D stands for the numbers days after which payment of the invoice is expected.
- Net 30 days.
- Net 60 days.
- Net 90 days.
What is the estimated funding time?
BlueVine Invoice Factoring can approve (or deny) an application within 1 hour and fund within 1 business day of approval.
What are the business financing requirements for BlueVine Invoice Factoring?
To apply for BlueVine Invoice Factoring, the borrower needs to provide the following business document:
- Business license
- Business bank account
What limitations does BlueVine Invoice Factoring set on the purpose of the loan?
BlueVine Invoice Factoring considers accounts receivable financing applications for business purposes, such as:
- Equipment purchase
- Lease improvement
- New location
- Product or service expansion
- Working capital
Contact
- Headquarters
-
550 Hamilton Avenue
Palo Alto, CA 94301 - (888) 505-3149
- Visit Site
Other Services by BlueVine
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Origination Fee | |
| Origination Fee (%) | Starting at 0% |
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