Small Business Loans & Financing · Reviewed

Bluevine

Fast, flexible business lines of credit up to $250K for small contractors

★ 4.3 / 5|From Simple interest rates from 6.2% (approx. 20%-50% APR)|Small Business Loans & Financing

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Overview

Bluevine is a financial technology company founded in 2013 that provides small business banking and lending products, including a revolving line of credit that is especially useful for HVAC contractors facing seasonal revenue swings. HVAC businesses can tap Bluevine's line to cover payroll during shoulder seasons, stock up on inventory before summer AC rushes, or bridge gaps while waiting on insurance and commercial payments.

Applications are fully online with decisions often within minutes and funding as fast as a few hours when a Bluevine Business Checking account is connected. Unlike SBA loans, there is no collateral requirement for the line of credit.

For HVAC contractors, Bluevine fills the 'fast working capital' niche rather than equipment or real estate acquisition.

Key Features

Instant draws

Up to $250,000 once approved and linked to Bluevine Checking.

Flex plans

Weekly or monthly repayment options depending on plan chosen.

Cash-flow underwriting

Weighs business bank activity and cash flow, not just FICO.

Bluevine Checking

Unlimited free ACH transfers and bill pay.

Security

Two-factor authentication, FDIC insurance up to $3M through partner banks.

Revolving credit

Re-borrow as you repay, similar to a credit card for the business.

Pros & Cons

Pros

+Very fast funding, useful for emergency HVAC equipment or vehicle repairs
+No collateral and only a soft pull for pre-qualification
+Transparent online pricing and repayment schedule
+Combined banking plus line of credit in one dashboard

Cons

−APRs can be much higher than SBA or bank term loans
−Not available in NV, ND, SD, or US territories
−Max $250K is too small for large HVAC acquisitions
−Requires $40K+ monthly revenue

What Customers Say

“Every month, I get a notification that I met the interest requirements, so I know that as money is coming into my account, I’m also earning interest on it.”

— Tara P., , TP & Co.

“Bluevine’s dashboard is clean and simple, with all the features I need. And I can manage my checking accounts and bills from one place.”

— Michael T., , FoodDays

“The connectivity made it worth it—the ability to quickly draw straight to my business checking account and make repayments directly from there. It’s seamless and I can see everything. I liked the ability to have it all in one place.”

— Cayden Y., , Tech Leaf

Best For These Industries

HVAC & Plumbing
service-contractors
small-businesses
seasonal-businesses
owner-operators

Alternatives to Bluevine

OnDeck

★ 4.2

Fast online term loans and lines of credit built for HVAC and other small contractors

Online small business lender (part of Enova International) offering term loans up to $400K and lines of credit up to $200K with same-day funding and an explicit HVAC contractor vertical.

From Term loan APRs from 35.4%; line of credit APRs from 39.9%Read review →

Live Oak Bank (HVAC & Plumbing Contractor Loans)

★ 4.7

America's #1 SBA lender with a dedicated HVAC and plumbing contractor team

The nation's top SBA 7(a) lender with a dedicated HVAC, plumbing, and electrical contractor lending team offering SBA loans up to $5M at traditional bank rates.

From SBA 7(a) rates priced at Prime + a negotiated margin (variable)Read review →

Funding Circle

★ 4.2

Online term loans and SBA financing up to $500K for established HVAC shops

Online small business term loan and SBA lender (now part of iBusiness Funding / Ready Capital) offering $25K-$500K in term loans with APRs lower than typical online lenders.

From APRs typically from 10.64% to 31.85%Read review →

Navitas Credit Corp

★ 4.3

Equipment financing for HVAC contractors and the commercial customers they serve

Specialty equipment finance lender (a division of United Community Bank) providing HVAC contractors with fast equipment leases and loans from $5K to $5M.

From Contact for pricingRead review →

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