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Compare The Top 5 BlueVine Competitors: Find Online Lending Alternatives For Your Business

Businesses struggling to get financing that are looking for alternatives to BlueVine's line of credit product will find plenty of viable options listed here.

    Chris Motola
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BlueVine competitors

With relatively low barriers to entry, BlueVine can be a convenient way for businesses to quickly obtain a line of credit of up to $250,000. However, businesses that have had their application rejected or didn’t find the terms agreeable might be looking for BlueVine competitors. This article highlights our top choices for alternatives to BlueVine’s line of credit.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Lendio

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Best for comparing loan offers.
Best for comparing loan offers.

Apply Now

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OnDeck

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Best for repeat customers.
Best for repeat customers.

Apply Now

Read More

Accion

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Best for minority-, women-, and veteran-owned businesses.
Best for minority-, women-, and veteran-owned businesses.

Visit Site

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National Business Capital

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Best for startups.
Best for startups.

Visit Site

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altLINE

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Best for invoice factoring.
Best for invoice factoring.

Visit Site

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Read more below to learn why we chose these options.

Top 5 BlueVine Competitors At A Glance

Our in-depth BlueVine review shows that we like this service, but it’s not for everyone. Here is a list of our top BlueVine alternatives:

  • Lendio: A loan aggregator service offering businesses the ability to apply to multiple lenders with the same application.
  • OnDeck: This well-established alternative lender offers lines of credit and term loans.
  • Accion: A nonprofit lender that works with businesses that may be struggling to find financing
  • National Business Capital: This alternative lender has a wide variety of financial products and is willing to work with startups.
  • altLine: An accounts receivable factoring company that offers businesses financing without going into debt.

1. Lendio

Lendio



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Best for comparing loan offers.

Pros

  • Borrower qualifications are lower than banks
  • Multiple types of financing are available
  • High borrowing amounts
  • Long-term financing options available

Cons

  • Rates can be expensive
  • Funds can take a while to disburse

Borrowers can always benefit from researching their lending options. Unfortunately, this can be a time-consuming and confusing process. If you don’t know where to start, Lendio may be a good option.

Lendio is a loan aggregator service, meaning that when you apply, it will pass off your application to multiple lenders within its network. Lendio then presents you with multiple offers from lenders that you match with. Even better, the nature of the service allows Lendio to offer many different types of loans, with a wider variety of terms than most fintech lenders.

BlueVine Lendio
Type Of Funding Line of credit
  • Short-term loans
  • Term loans
  • Merchant cash advances
  • Lines of credit
  • SBA loans
  • Equipment financing
Borrowing Amount $5,000-$250,000 $1,000-$5 million
Approval Time 24 hours 72 hours

Get Started with Lendio

Read our in-depth review

Jump back to comparison chart

2. OnDeck

OnDeck



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Best for repeat customers.

Pros

  • Borrower qualifications are lower than banks
  • Multiple types of financing are available
  • Funds disburse quickly
  • Lower costs for repeat customers

Cons

  • Rates can be expensive
  • Financing isn’t available in some states

Like BlueVine, OnDeck offers fast access to lines of credit for businesses with at least a 600 credit rating. But whereas BlueVine’s other services are focused on neobanking, OnDeck also offers terms loans.

While BlueVine’s rates on lines of credit are generally better, one of OnDeck’s bigger selling points is that repeat customers in good standing will have access to better rates. Also, note that OnDeck’s lower revenue requirements for borrowers can make it more accessible to lower-volume businesses.

BlueVine OnDeck
Type Of Funding Line of credit
  • Line of credit
  • Term loans
Borrowing Amount $5,000-$250,000 $5,000-$250,000
Approval Time 24 hours 24 hours

Get Started with OnDeck

Read our in-depth review

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3. Accion Opportunity Fund

Accion



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Read our Review

Best for minority-, women-, and veteran-owned businesses.

Pros

  • Borrower qualifications are lower than banks
  • Monthly repayments
  • No prepayment penalty
  • The application process is fast and easy

Cons

  • Rates can be expensive
  • Funds take time to disburse
  • Applicants must submit a lot of information
  • Not available in all states

While BlueVine’s borrower qualifications aren’t terribly onerous, businesses with credit scores under 600 may find their applications rejected. Businesses that find themselves neglected by lenders for their credit rating or fall into a disadvantaged social category may want to give Accion a look.

Accion is a nonprofit lender that offers small business microloans to merchants who own at least 20% of their business. These are fixed-rate loans, ranging from 5.99%-25.99% APR, with term lengths of 12, 24, 36, or 60 months. Just don’t expect as fast an application process as you’d get with BlueVine.

BlueVine Accion
Type Of Funding Line of credit Term loans
Borrowing Amount $5,000-$250,000 $5,000-$100,000
Approval Time 24 hours Variable

Read our in-depth review

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4. National Business Capital

National Business Capital



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Read our Review

Best for startups.

Pros

  • Borrower qualifications are lower than banks
  • Financing available to qualified startups
  • High borrowing amounts
  • The application process is fast and easy
  • Multiple types of financing are available

Cons

  • Rates can be expensive
  • May require collateral

Alternative lenders such as BlueVine generally don’t mind working with new businesses, but even fintech companies tend to shy away from brand new businesses. National Business Capital bucks the trend by being willing to lend to startups, provided they come with a credit score of 650 or higher.

National Business Capital also offers a wide variety of financing with borrowing limits as high as $5 million, making it one of the more versatile alternative lenders on the market. Terms will vary depending on the product you apply for, but as is generally the case with fintech, you should expect higher interest than you’d get in the traditional lending market.

BlueVine National Business Capital
Type Of Funding Line of credit
  • Term loans
  • Line of credit
  • SBA loans
  • Equipment financing
  • Merchant cash advances
Borrowing Amount $5,000-$250,000 $5,000-$5 million
Approval Time 24 hours 72 hours (longer for SBA loans and equipment financing)

Get Started with National Business Capital

Read our in-depth review

Jump back to comparison chart

5. altLINE

altLINE



Visit Site

Read our Review

Best for invoice factoring.

Pros

  • High factoring amounts
  • Financing available to qualified startups
  • High borrowing amounts
  • Rates tend to be inexpensive

Cons

  • Not available to some industries
  • Long-term contract required
  • Funds can take a while to disburse

Customers that once turned to BlueVine for invoice factoring may be surprised to hear that the lender no longer offers that service. If you’ve found invoice factoring to be a good fit for your business, you may want to consider altLINE.

altLINE offers credit facilities of up to $4 million a month with advance rates of 80%-90%, with a discount rate of 0.5%-5% (including late fees). You do have to enter into a year-long contract with altLINE; however, the contract does not require you to factor anything. You’re just agreeing to have altLINE be your exclusive factoring company during that time.

BlueVine altLINE
Type Of Funding Line of credit Accounts receivable factoring
Borrowing Amount $5,000-$250,000 Up to $4 million
Approval Time 24 hours 24 hours

Get Started with altLINE

Read our in-depth review

Jump back to comparison chart

BlueVine FAQs

Are BlueVine and the SBA the same?

No, they’re not the same thing. BlueVine is a private lender. The Small Business Administration (SBA) is a government agency that offers resources, relief programs, and loan guarantees to small businesses. While SBA loans are generally low-cost to the borrower, they often have more strenuous borrower requirements.

Is BlueVine a legitimate company?

BlueVine is a legitimate fintech lender that’s been in operation since 2013. Currently, the company offers lines of credit and neobanking services.

Who is BlueVine owned by?

BlueVine, Inc, owns BlueVine. BlueVine’s banking services are offered through Coastal Community Bank, while bill pay services are offered through Silicon Valley Bank. BlueVine’s line of credit is offered through Celtic Bank.

Is BlueVine good for PPP?

While BlueVine has previously been a PPP lender, Congress has not renewed the program, nor is BlueVine accepting applications for PPP loans.

In Summary: Top 5 BlueVine Competitors At A Glance

  1. Lendio: Best for comparing loan offers.
  2. OnDeck: Best for repeat customers.
  3. Accion: Best for minority-, women-, and veteran-owned businesses.
  4. National Business Capital: Best for startups.
  5. altLINE: Best for invoice factoring.
Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
View Chris Motola's professional experience on LinkedIn.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.

Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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