BlueVine provides small business with advances on outstanding invoices. Credit lines can range from $5,000 to $50,000 and deposits can appear in your bank account within 24 hours. BlueVine helps small businesses when they need working capital. Businesses often need additional capital to pay expenses, take on additional work, or cover payroll. One of the big challenges businesses face is long customer payment cycles and irregular cash flow. It’s a good option for those who don’t easily qualify for a bank loan.
Who is BlueVine for?
BlueVine is for B2B companies that issue invoices and experience long customer payment cycles. They serve businesses a variety of industries, including service providers, technology companies, distributors, manufacturers and many more.
How it works with Xero
BlueVine seamlessly connects to your Xero organization and retrieves outstanding invoices. From the dashboard you can select one or more invoices to advance with a click of a button.
Where you can use it
BlueVine is for US-based businesses and their US-based customers. Advance fees begin at 1% per week and can go as low as 0.5% per week for qualified customers. You can use the handy calculator on the BlueVine homepage to see how pricing works or contact them for a customized quote if you’re invoicing more than $30,000 per month.
There is no cost to try
Signing up is free, fast and easy.