BlueVine, an online provider of financing to small businesses, is partnering with Intuit to make Flex Credit, BlueVine’s business line of credit service, available on the QuickBooks Financing platform.
The new venture will allow qualified businesses to use their QuickBooks data to get fast approval for a revolving business line of credit from BlueVine between $5,000 and $100,000.
Minimum qualifications include being in business for six months and earning annual revenue of at least $60,000. Each draw is repaid automatically in fixed weekly installments over 26 weeks and can be paid off early without penalty.
“We are delighted to bring BlueVine onto the QuickBooks Financing platform,” said Kathy Tsitovich, director of Business Development at Intuit. “We are always looking for the right set of lending partners to address the key needs of our small businesses. By offering a line of credit that is available to younger businesses, BlueVine makes financing available to a group of borrowers that has historically had fewer options available to them.”