Title: Business Banking FAQs | BlueVine
Headings: FAQs
FAQs
1. About BlueVine
What is BlueVine?
What is your vision for BlueVine Business Banking
How does BlueVine work?
Does BlueVine provide unsecured financing?
How much funding will I have access to?
Are there termination fees if I want to leave?
How is qualification for a BlueVine account determined?
What kind of credit score must I have to apply for a BlueVine Account?
How quickly does BlueVine make funding decisions?
How is my rate determined?
What information do you need from me to apply?
Do I need invoicing or accounting software to use BlueVine?
What are the benefits of connecting my invoicing or accounting software?
What are the benefits of using BlueVine?
2. Paycheck Protection Program
What is the Paycheck Protection Program?
What is my “covered period”?
What is loan forgiveness?
How does loan forgiveness work?
What are considered payroll costs?
Are there costs that are not forgivable?
What happens if a portion of a PPP loan is not forgiven or used?
After my PPP forgiveness application is submitted, how long will it take for me to get a decision about my forgiveness?
3. Business Checking
What does BlueVine Business Checking offer?
How does BlueVine Business Checking work?
Why use online business checking?
Is my account FDIC-insured?
How do I send and receive money into this account?
Is there a minimum deposit?
Are there any fees?
Can I withdraw cash from an ATM?
Can I deposit cash or checks?
How long does it take for my checks to be deposited?
Can I write checks?
Can I use mobile deposit?
Will I have a better chance of getting approved for a loan if I also have a BlueVine Business Checking account?
Is BlueVine Business Banking available in other countries outside the U.S.?
Is there a bank behind BlueVine Business Banking? Who?
4. Invoice Factoring
What is “invoice factoring”?
How does BlueVine’s invoice factoring work?
What businesses are eligible for invoice factoring?
Is invoice factoring the same as getting a loan?
Do I need invoicing software to work with BlueVine?
What kind of invoices can I submit?
What is different about BlueVine’s invoice factoring?
What industries does BlueVine work with?
How often can I get funding on BlueVine?
How quickly do I receive the funds?
I’ve been denied by the bank for a loan. Can I still get funding from BlueVine?
What happens if my customer doesn’t pay?
5. Line of Credit
What is a business line of credit?
How does a BlueVine line of credit work?
What businesses are eligible for a line of credit?
How much funding can I draw at a time?
What if I need more than $250,000?
How does repayment work?
How do I draw funds?
How fast can I receive my funds?
How does repayment replenish my available credit?
How much funding will I have access to?
How is a line of credit different from a merchant cash advance?
6. Payments
What is BlueVine Payments?
How long do my payments take to send?
Can I set up recurring or scheduled payments?
What payment methods are available as the source of funds?
Who is a registered payee?
Which vendors and bills can I pay?
What are the benefits of BlueVine Payments?
How can I make payments through BlueVine?
Is there a fee associated with BlueVine Payments?
How does BlueVine Payments integrate with BlueVine Business Checking?
Which businesses can I pay by credit card?

Content: fund only when you need, and pay only for what you use
Personal Service: a US based customer success team ready to answer any question or help with any issue
2. Paycheck Protection Program
What is the Paycheck Protection Program? The SBA Paycheck Protection Program (PPP) was specifically designed to aid eligible small businesses with potentially forgivable loans during the COVID-19 pandemic. BlueVine proudly participated in all rounds of PPP in 2020 and 2021. What is my “covered period”? A loan’s covered period starts when the PPP loan is disbursed and lasts 8 to 24 weeks. To be eligible for forgiveness, you must spend a PPP loan’s proceeds on PPP-eligible expenses during a loan’s covered period. What is loan forgiveness? PPP loan forgiveness refers to the process where some or all of your loan balance is forgiven by the government—meaning you don’t have to pay that amount.