Direct Terms Draw Process and Requirements

Getting Started

Congratulations for being approved for BlueTape Line of Credit, you will have a choice to 

• Order from one of BlueTape-approved suppliers found in our marketplace. Enjoy 0% fees and no payment for 30 days at any of BlueTape partnered suppliers.
• Order from out of network suppliers with BlueTape’s Direct Terms option. (Only building material suppliers are eligible for this option. Suppliers must provide verified ACH or wire payment information).

BlueTape pays your supplier directly. You then pay BlueTape back on flexible Net 30, 60, or 90-day terms.

Draw Request Process

1. Submit an invoice for building materials.
2. Provide project details:
   Executed contract for the project address. 
   Project address must appear on each invoice as the shipping address
3. Invoice is reviewed and approved by the BlueTape Underwriting team.
4. Direct Terms customers will be required to pay a down payment of at least 20% once an invoice is approved. Down payments must be made by card, wire, or RTP (Real-Time Payment).
5. BlueTape pays the supplier directly once the draw is approved. You will pay BlueTape back based on the terms you selected.

Invoice Requirements

To qualify for a draw, invoices must include:

• Legal name of business with address.
• Project address as shipping address.
• Invoices cannot be more than 30 days old.
• A clear itemized list of materials (delivery fees are acceptable).
• Format must be a true PDF (no photos or images).
• Only invoices are accepted (no estimates or quotes).
• No services or labor charges (e.g., installation work).

Contact the BlueTape Underwriting Team at operations@bluetape.com or 855-428-1185 with any questions.

Our team may also reach out if additional information is needed during the process.