Shopify offered me $30K at a 1.13 factor; Bluevine pre-qualified me for $50K LOC at 14% APR — which?

Shopify, in most cases. A 1.13 factor on a 6-month repayment is ~26% APR-equivalent — close to but probably cheaper than the Bluevine LOC at 14% APR if you'd carry the Bluevine balance long. Run the math on actual repayment timeline. If you need revolving access (draw, repay, redraw) rather than a single $30K shot, Bluevine wins on flexibility.

I run my store on Shopify but Shopify hasn't offered me capital — what now?

Bluevine if you have 12+ mo TIB, 625+ FICO, and $10K+/mo revenue. Shopify's algorithm weighs sales consistency, refund rate, payment dispute rate, and store tenure — not just revenue. New stores or stores with chargeback issues routinely get skipped. Bluevine is the workaround.

Can I have both at the same time?

Yes. Many large Shopify merchants run a Shopify Capital advance for inventory funded against Shopify sales plus a Bluevine LOC for off-Shopify working capital. Disclose Shopify Capital on the Bluevine application — their LOC covenants ask about outside debt. Carrying both means daily Shopify % repayment plus monthly Bluevine interest — real cash management burden, but workable for high-revenue operators.

Bluevine vs Shopify Capital — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

BluevineShopify Capital

Product typeLOCMCA

Amount range$10K – $250K$200 – $2M (varies by store volume)

Cost (factor / APR)APR 6.2% – 27% (LOC)Single fixed fee (factor 1.10 – 1.18 typical); no APR / no compounding

Speed to fund1 – 3 business days2 – 5 business days after acceptance

Min time in business12 months3 months

Min monthly revenue$10,000~$5,000+ in Shopify processed sales typical floor

Min credit score625+No FICO pull — underwrites entirely against Shopify sales history

Products

Line of credit
Invoice factoring

Embedded merchant cash advance (Shopify stores only)

Verdicts by use case

Can actually apply (vs invitation-only) — Winner: Bluevine. Bluevine accepts applications from any qualifying merchant. Shopify Capital is invitation-only — you can't apply, Shopify picks who gets offers based on store sales history. Most Shopify merchants never see an offer.
Cheapest cost of capital — Winner: Shopify Capital. Shopify Capital's fixed-fee factor (1.10 – 1.18) equates to single-digit to mid-teen APR for typical short holds. Bluevine LOC starts at 6.2% APR but most borrowers see 12 – 27%. Shopify wins on cost when you get an offer.
Revolving / draw-and-repay capital need — Winner: Bluevine. Bluevine is a true revolving LOC — draw, repay, redraw without re-applying. Shopify Capital is one-shot; you repay an advance and re-qualify for the next. Revolving need favors Bluevine.
No FICO pull / thin file — Winner: Shopify Capital. Shopify Capital underwrites against Shopify sales history with no FICO pull. Bluevine requires 625+ FICO. Strong-Shopify-history merchants with impaired personal credit are Shopify-only.
Capital not tied to Shopify processing — Winner: Bluevine. Bluevine funds into your business bank account; processor-independent. Shopify Capital terminates if you pause Shopify Payments or move processors — immediate payoff trigger. Multi-processor or off-Shopify capital uses favor Bluevine.

The honest takeaway

Bluevine and Shopify Capital 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

Shopify offered me $30K at a 1.13 factor; Bluevine pre-qualified me for $50K LOC at 14% APR — which?: Shopify, in most cases. A 1.13 factor on a 6-month repayment is ~26% APR-equivalent — close to but probably cheaper than the Bluevine LOC at 14% APR if you'd carry the Bluevine balance long. Run the math on actual repayment timeline. If you need revolving access (draw, repay, redraw) rather than a single $30K shot, Bluevine wins on flexibility.
I run my store on Shopify but Shopify hasn't offered me capital — what now?: Bluevine if you have 12+ mo TIB, 625+ FICO, and $10K+/mo revenue. Shopify's algorithm weighs sales consistency, refund rate, payment dispute rate, and store tenure — not just revenue. New stores or stores with chargeback issues routinely get skipped. Bluevine is the workaround.
Can I have both at the same time?: Yes. Many large Shopify merchants run a Shopify Capital advance for inventory funded against Shopify sales plus a Bluevine LOC for off-Shopify working capital. Disclose Shopify Capital on the Bluevine application — their LOC covenants ask about outside debt. Carrying both means daily Shopify % repayment plus monthly Bluevine interest — real cash management burden, but workable for high-revenue operators.