Bluevine vs. Fundbox
Which Business Line of Credit Is Better?
Bluevine is the better line of credit for businesses with at least a year of history and $10,000 in monthly revenue: higher limits (up to $250,000), lower cost, and a monthly payment option. Fundbox is the better choice for businesses under a year old or with revenue under $120,000 a year, because it accepts three months in business and $30,000 in annual revenue.
Bluevine
Business line of creditFundbox
Business line of creditPoint by point
Bluevine
Fundbox
Qualification
12 months in business, 625 FICO, $10,000 monthly revenue.
3 months in business, 600 FICO, $30,000 annual revenue.
Credit limit
Up to $250,000.
Up to $150,000.
Cost
Simple interest from about 7.8%; no draw, maintenance or prepayment fees.
Flat weekly fees of about 4.66% (12 weeks) or 8.99% (24 weeks); remaining fees waived on early repayment.
Repayment
Weekly on 6-month term; monthly option on 12-month term.
Weekly only, 12 or 24 weeks.
Speed
Decision in minutes, funds in as little as 24 hours.
Decision in minutes, funds next business day.
A green dot marks the stronger option on that point.
Verdict
Choose Bluevine if you qualify. Choose Fundbox if you do not yet, and plan to move to Bluevine at the one-year mark.