The specs
BluevineHuntington Business Loan
Product typeLOCMulti-product
Amount range$10K – $250K$5K – $150K (Quick Loan + LOC); $10K – $500K (term); $250K – $5M (SBA 7(a))
Cost (factor / APR)APR 6.2% – 27% (LOC)APR 8% – 15.5% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fund1 – 3 business days24 – 72 hours (Quick Loan ≤ $150K, existing customers); 5 – 10 business days (term + LOC); 30 – 90 days (SBA)
Min time in business12 months24 months
Min monthly revenue$10,000$10,000+/mo typical for unsecured products
Min credit score625+660+
Products
- Line of credit
- Invoice factoring
- Quick Loan
- Business term loans
- Business LOC
- SBA 7(a)
- SBA Express
- Equipment financing
Verdicts by use case
- Established Huntington customer in Midwest footprint with 24+ months TIB and 660+ FICO needing ≤ $150K — Winner: Huntington Business Loan. As of 2026-06-28 Huntington Quick Loan at 9 – 13% APR (relationship-priced) closes in 24 – 72 hours on qualifying files — uniquely competitive with Bluevine on both speed and cost. Bluevine LOC funds in 1 – 3 business days at 6.2 – 27% APR (realistic middle quotes 14 – 18%). For existing Huntington customers within the Quick Loan box the product is structurally cheaper and competitive on speed. Huntington's 660+ FICO floor also widens access vs peer big-banks at 680+.
- Newer business between 12 and 24 months TIB — Winner: Bluevine. Huntington's 24+ months TIB floor declines sub-2-year merchants on Quick Loan, term, and LOC products. Bluevine's 12+ months TIB floor is reachable for businesses in the 12 – 24 month window. For merchants in that band Bluevine is the only structural option in this pair, with Bluevine LOC providing standing capacity until the merchant can qualify for Huntington pricing at month 24.
- Revolving credit with consistent standing capacity — Winner: Bluevine. Bluevine LOC is a true revolving line — draw, repay, redraw without re-underwriting, up to $250K with consistent committed capacity at the approved limit. Huntington Business LOC operates with periodic review; the bank can reduce or non-renew the line on review. Quick Loan is a fixed-amortization term product, not a revolving line. For genuinely flexible revolving capacity above $150K Bluevine's product shape is structurally cleaner.
- Speed on existing Huntington deposit relationship for sub-$150K need — Winner: Tie. Bluevine LOC funds in 1 – 3 business days on initial draw. Huntington Quick Loan decisions in 24 – 72 hours with funding 1 – 2 business days after approval — total timeline 3 – 5 business days. The tie reflects that Huntington uniquely closed the speed gap among regional banks through the Quick Loan channel; for existing Huntington customers Quick Loan is roughly comparable to Bluevine's initial-draw timeline at meaningfully lower cost (relationship-priced 9 – 13% APR vs Bluevine 14 – 18% middle quotes).
- SBA 7(a) deal in $100K – $750K range — Winner: Huntington Business Loan. Huntington is the #1 SBA 7(a) lender by unit count with the most efficient SMB SBA processing infrastructure in the U.S. by deal volume. At Prime + 2.25 – 2.75% the SBA pricing is dramatically cheaper than Bluevine's LOC range. Bluevine caps at $250K LOC and doesn't offer SBA paths or long-amortization term loans. For SBA-eligible deals Huntington is structurally the only option in this pair.
The honest takeaway
Bluevine and Huntington Business Loan solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- I have a Bluevine LOC at $100K, 17% APR — should I switch to Huntington if I qualify?
- Depends on draw pattern. For predictable larger one-shot capital needs Huntington Quick Loan at 9 – 13% APR over 24 – 60 months is materially cheaper but isn't a revolving line. For high-frequency revolving drawers (4 – 6+ draws per year) the operational overhead of multiple Quick Loans is friction; Bluevine's redraw mechanics are smoother. Practical setup for merchants who qualify for both in Huntington's Midwest footprint: Huntington Quick Loan for predictable larger needs (equipment, opportunistic inventory, capex) at 9 – 13% APR over 36 months, Bluevine LOC retained for high-frequency revolving draws at 12 – 18% APR. The combined setup matches each capital need to the structurally cheapest product. Aggregate available credit shows on PAYDEX and commercial FICO — manage combined utilization under 50% for cleanest credit profile.
- Why does Huntington's #1 SBA 7(a) ranking matter for my Bluevine-eligible business?
- Two practical reasons. First, if your capital need ever scales above Bluevine's $250K LOC cap, the structural next step is bank-priced credit and SBA is the cheapest path. Huntington's #1 unit-count ranking means its SBA underwriting team has seen more SMB SBA files than any peer bank — borderline files (newer business, niche industry, sub-680 FICO with strong cash flow) get more sympathetic interpretation than at peer banks. Second, the relationship-building path from Bluevine to Huntington positions for the SBA channel specifically: opening a Huntington Business Banking deposit account 12 – 18 months ahead of an SBA application, maintaining Bluevine LOC with on-time payments to build PAYDEX and commercial FICO, and clean tax returns puts merchants in position for Huntington SBA pricing at the cheapest cost of capital available.
- What's the realistic Bluevine-to-Huntington qualification trajectory in the Midwest?
- Most merchants who qualify for Bluevine today can qualify for Huntington in 12 – 24 months by: (1) hitting the 24+ months TIB threshold, (2) maintaining Bluevine LOC with on-time payments to build PAYDEX and commercial FICO (Bluevine reports both), (3) opening a Huntington Business Banking deposit account 6 – 12 months before the Huntington loan application, (4) keeping personal FICO at 700+ (Huntington's 660+ floor gives more margin than peer banks at 680+), and (5) ensuring business tax returns show consistent revenue growth and reasonable profitability. The Huntington-specific advantage: the 660+ FICO floor and $10K+/mo revenue floor are both more flexible than peer big-banks (Chase, WF, BofA at 680+ FICO and $20 – 25K+/mo revenue). Merchants in the 660 – 679 FICO band who can't qualify at peer banks may qualify at Huntington — particularly with established Huntington deposit relationship and clean business cash flow.