Bluevine has a reputation for extremely quick business credit funding, so we decided to put this to the test and try the application process for ourselves. We headed to the Bluevine website and went to the “Business Loans” tab to get started.
After selecting “Start Application”, we were taken to the initial application screen.
Interestingly, the Bluevine application allows you to link your business’ QuickBooks Online account to the application at a very early stage to speed up the application process. We decided to apply without linking QuickBooks to see how smooth the process was otherwise. After filling in the basic details on the initial form, we were taken to a new screen where we had to enter details about our business.
After entering our company and industry details, we were invited to link our accounting software to Bluevine. There were no other financial requirements, and we found that this really sped up the application process. Plaid is used to connect the accounting software and multiple accounting software compatible such as QuickBooks and Xero.
After linking our bank account, we had to complete the application by giving personal details, including name, address, date of birth, and social security number. At this point, we could choose to apply. A decision was returned within two minutes of us completing the application.
While Bluevine has higher interest rates attached to its lines of credit, we can see why the product is so popular with small businesses. The application process is brilliantly streamlined, and the accounting software integration makes applying for business funding very straightforward.