Line of Credit
If your business has been hit with a few curveballs or you want the certainty of access to money when you need it, our line of credit could help you stay on the front foot.
The best bits
Access up to $50k
No cost to open a line of credit, you only pay when you draw down.
No repayments for 30 or 60 days
Get a head start.
No early payout fees
If your loan is paid out in full early, there are no fees.
No monthly fees
Using your Reece Trade Account info.
- Enjoy an unsecured line of credit.
- In most instances, our lending partner, TruePillars will approve you for the same amount as your Reece Trade Account Credit Limit.
- Pay us back within 120 days in 14 equal weekly payments or 3 equal monthly payments.
- $250 drawdown fee on amounts of $15k and below.
- 2% drawdown fee on amounts over $15k.
- Lump sum repayments are accepted with no additional fees.
What we need from you
- Be over 18 years old.
- Have had a Reece Trade Account for 1 year.
- Have a minimum Reece Trade Account credit limit of $5K.
- Generally pay your Reece Trade Account on time.
- Have a good personal credit history.
For non-Reece customers – contact us on 1800 522 822 to discuss how Laddr can help with your application.