BlueVine vs Fundbox

Rebecca Graham
Rebecca Graham | Contributor

BlueVine and Fundbox are highly reviewed companies with similar goals: to help small businesses obtain the cash they need to survive and thrive.

The lenders both offer business lines of credit. 

The main difference between the lending solutions offered by each of them is in the loan types offered. Where BlueVine provides access to fast working capital, term loans, and invoice factoring, Fundbox specializes in helping businesses maintain adequate cash flow through invoice financing, so companies don't have to wait for their customers to pay invoices.

BlueVine logo verified_user
#21 BlueVine
6.3 Overall Score
3.6
star star star star_half star_border
(34)
Fundbox logo verified_user
#15 Fundbox
7.2 Overall Score
4.9
star star star star star
(79)

Overview

BlueVine

Max Loan Amount

$5 Million

Lowest APR Rate

14.00%

Origination/Closing Fees

None

Time to Funding

1 Day

Time in Business

8 Years

Fundbox

$150k

4.66%

None

1 Day

8 Years

Ratings

BlueVine

Overall Score
6.3 of 10
Review Score
3.6
star star star star_half star_border
Value for Money
3.4
star star star star_half star_border
Quality of Product or Service
3.6
star star star star_half star_border
Company Trustworthiness
3.6
star star star star_half star_border
Likely to Recommend
6.4 of 10

Fundbox

7.2 of 10
4.9
star star star star star
4.5
star star star star star_half
4.8
star star star star star
4.9
star star star star star
9.4 of 10

Reviews

BlueVine

Number of Reviews
34
Review Breakdown
3.6
star star star star_half star_border
5 star
65%
4 star
0%
3 star
0%
2 star
0%
1 star
35%

Fundbox

79
4.9
star star star star star
5 star
94%
4 star
5%
3 star
0%
2 star
0%
1 star
1%

Reviews for BlueVine

Helpful Favorable Review

star star star star star

ak San Marcos, CA

I wish I used BlueVine for my initial PPP loan however the SBA referred me to another lender that failed to fund my already approved and SBA funded loan. After over two months of waiting for funding I withdrew my application (wish I did that much sooner)and applied with BlueVine. My experience with BlueVine is beyond 5 stars. Easy online portal, fast approval and turn around time. Good communication and funded in less than a week.

5 months ago

Helpful Critical Review

star star_border star_border star_border star_border

Kenneth B Semler Inwood, WV

BlueVine doesn't stand behind what they promise. I was provided with a line of credit that I didn't need but doing good business means you get credit lines when times are good so you have them when times are bad. They mislead you on the interest rate charged so it looks like 10.99% for mine, but that was for 6 months. The annual rate would be 22%! Well, when I needed it, they pulled it. Even after I took their advice and did a small draw and paid it for 4 months. Don't do business with a company like this!

1 year ago

Reviews for Fundbox

Helpful Favorable Review

star star star star star

Edward Freeman Bushnell, FL

The fact that Fundbox will pick up the phone when you need them, says a lot! This is a great company to work with, and the funds that your approved for are there when you need them. Once your in, your in. You don't have to requalify for funding every time you want to use your credit-line. Lastly the rates are very fair, and you get to decide how much interest you want to pay when you draw funds from your account. This isn't a traditional MCA it's much better for the small businesses that need access to Cash 24/7 Fundbox is your One Stop Shop!!

5 months ago

Helpful Critical Review

star star_border star_border star_border star_border

Andrea Godsave Minnetonka, MN

This company does not have the means to help. We have been a customer, had a 50,000 credit limit. Used and paid it off several times, have a 800+ credit score, and today they dropped my limit to 1,000. What a joke. This may be the time that I actually need it. they are protecting their money, not caring about their customers. They are greedy, and hurt small companies more than they help.

1 year ago

The Final Word

Fundbox has an edge over BlueVine by virtue of its higher customer review score, a slightly lower bar for minimum eligibility, and nationwide availability.

However, both companies are worth your consideration. The decision depends on your financing needs: if you're applying for $100,000 or less through a line of credit, we recommend Fundbox. If you need more cash or want to pursue invoice factoring, look into BlueVine. 

Invoice Funding

Fundbox utilizes invoice financing, which means it uses your business's invoices as collateral to determine how much it will lend you via a revolving line of credit. 

BlueVine does invoice factoring, where it will buy unpaid invoices from you at a discount, providing you with cash, and then get paid back by the debtors.

For this option, borrowers receive 85 to 90 percent of the invoice value upfront and must pay a one percent fee per week for the advance. For example, for a $20,000 invoice advance for 12 weeks, BlueVine initially keeps $3,000 of the loan advance. $600 of that advance will be paid as a rebate to the business when its customer pays the invoice in full.

Variety of Loans

Where Bluevine offers lines of credit, term loans, and invoice factoring, Fundbox specializes in lines of credit only. 

Maximum loan amount

Fundbox offers up to $100,000 with a revolving line of credit. 

With a BlueVine business line of credit, customers can receive a revolving credit line up to $250,000. With a BlueVine term loan, customers can get a lump sum of funds up to $250,000. With BlueVine invoice factoring, customers can get funds based on outstanding invoices of up to $5 million.

Eligibility 

To qualify for a loan with BlueVine, your credit score must be at least 530 or above and your business must have been in business for at least six months. 

Fundbox has a lower minimum FICO score requirement of 500 and a minimum bank account transaction record of three months. 

State Availability 

BlueVine's lines of credit and term loans are available in all states except North Dakota and South Dakota. 

Fundbox lines of credit are available throughout the United States. 

Top Choice

Fundbox Logo
Fundbox

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