Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

BlueVine raises $60 million to grow small business lending

ImpactAlpha, June 12 – BlueVine, a Bay Area-based small business lender, launched in 2013 to help businesses quickly secure loans to run and grow their businesses.

It offers loan products to meet operational and working capital needs and to cover short-term cashflow requirements between invoicing and payment. While BlueVine’s application process appears to simple and fast, its products aren’t always cheap: annual percentage rates start roughly on par with those on credit cards and can surpass 75%, according to a NerdWallet review. The company nevertheless expects to surpass the $1 billion lending mark this year.

Debt and equity… BlueVine recently raised a $200 million debt round from Credit Suisse. Its latest equity raise, a $60 million Series E, was backed by Menlo Ventures and SVB Capital and will support new product development. The company has raised almost $600 million in debt and equity since it launched.

You might also like...