BlueVine is making term loan financing available for business owners through its suite of online financing solutions. The BlueVine Term Loan provides small- and medium-sized business owners with fast and simple access to financing to grow their businesses through BlueVine’s advanced online platform.
More than 59 percent of businesses are looking for funds to grow their business, according to the 2017 Federal Reserve Small Business Credit Survey Report on Employer Firms. With a BlueVine Term Loan, business owners can quickly pursue larger projects and investments to bring their businesses to new heights.
“With a BlueVine Term Loan, small businesses can get quick and easy access to the financing they need to grow their business and take advantage of investment opportunities,” said Eyal Lifshitz, CEO and co-founder of BlueVine. “It’s a perfect addition to our growing suite of accessible financing products that are meticulously designed to meet all of the diverse financing needs of small businesses – whether it’s flexible funds for everyday expenses or a lump sum amount for expansion. The release of BlueVine’s third financing product is an important milestone as we continue on our mission to revolutionize small business financial services.”
BlueVine provides business owners with access to term loans from $5,000 to $250,000, without charging origination fees. It offers one simple, fixed weekly rate over a six- or 12-month term. All lines of credit and term loan financing products are issued by Celtic Bank.
With BlueVine’s easy-to-use online dashboard, business owners can apply for a Term Loan online in minutes with just some basic information about the business owner and the business, and they can get approved in as fast as 10 minutes. Once the business owner accepts the offer, the funds are deposited directly into their bank account in as fast as a few hours.
The BlueVine Term Loan joins two highly successful working capital financing options on the BlueVine platform: BlueVine Invoice Factoring, which allows business owners to get advances on unpaid invoices; and BlueVine Flex Credit, a line of credit which gives small businesses flexible access to capital, on demand. Founded in 2013, BlueVine has provided thousands of businesses across the United States with access to nearly $2 billion in financing and counting.
With the addition of Term Loan, small businesses have access to a full suite of financing products from BlueVine to meet virtually all customer needs at any time during their business lifecycle — from funding everyday operational expenses to critical long-term investments for growth.
