{"id":257207,"date":"2022-10-28T12:11:36","date_gmt":"2022-10-28T00:11:36","guid":{"rendered":"https:\/\/www.reckon.com\/nz\/?page_id=257207"},"modified":"2025-01-08T16:52:56","modified_gmt":"2025-01-08T04:52:56","slug":"line-of-credit","status":"publish","type":"page","link":"https:\/\/www.reckon.com\/nz\/line-of-credit\/","title":{"rendered":"Reckon Loans &#8211; Line of credit"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;HEADER&#8221; module_id=&#8221;header&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; background_enable_image=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||||false|false&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; width=&#8221;75%&#8221; width_tablet=&#8221;100%&#8221; width_phone=&#8221;&#8221; width_last_edited=&#8221;on|phone&#8221; text_orientation_tablet=&#8221;center&#8221; text_orientation_phone=&#8221;&#8221; text_orientation_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Business Line of Credit<\/h1>\n<p>Apply today for a revolving line of credit from $2000 &#8211; $150,000 to use and reuse when you like.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;#apply&#8221; button_text=&#8221;Apply now&#8221; button_alignment_tablet=&#8221;center&#8221; button_alignment_phone=&#8221;&#8221; button_alignment_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.16&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_image src=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2023\/02\/Reckon-Loans-Prospa-Logo_RGB-1.png&#8221; title_text=&#8221;Reckon Loans + Prospa Logo RGB&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; width=&#8221;400px&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2022\/10\/Reckon-Loans-Line-of-credit.jpg&#8221; title_text=&#8221;Reckon Loans Line Of Credit&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|tablet&#8221; module_class=&#8221;image-mask&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Section&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;-180px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Business lending made simple to grow your business and manage your cash flow.<\/h2>\n<p>A Reckon Loans Business Line of Credit is a safety net designed to give you the confidence to focus on what you love about your business \u2013 without worrying about day-to-day finances. Be approved for up to $150,000, dip in when you need it and pay competitive interest only on what you use, for as long as you use it.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Flexible&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/random.svg&#8221; alt=&#8221;Flexible&#8221; _builder_version=&#8221;4.18.0&#8243; header_level=&#8221;h2&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Manage unexpected cash flow gaps. Be approved for $2,000 to $150,000 to use &amp; reuse as many times as you need throughout the<br \/>24-month term.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Fast &#038; simple&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/clock.svg&#8221; alt=&#8221;Fast&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]Access to capital when you need it, with funding possible in as little as 24 hours. Plus, there\u2019s no security or paperwork needed to access the funds.[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Helpful&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/headset.svg&#8221; alt=&#8221;Helpful&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Our friendly team of business lending specialists are available to answer any questions that you may have. Simply give us a call us today on <br \/>1300 901 570.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;20px||||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;#apply&#8221; button_text=&#8221;Apply now&#8221; button_alignment=&#8221;center&#8221; admin_label=&#8221;Apply now button&#8221; _builder_version=&#8221;4.16&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;150px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Why Prospa business loans?&#8221; _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;center&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Why Prospa business loans?<\/h2>\n<p>We\u2019ve partnered with Prospa to create Reckon Loans and provide our customers with business funding &amp; lending that is faster and friendlier than your bank.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;blurb-icon-link&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Advanced security&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/shield-alt.svg&#8221; alt=&#8221;Advanced security&#8221; icon_alignment=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; global_colors_info=&#8221;{}&#8221;]Prospa uses industry-recognised encryption standards and they\u2019re ISO 27001 certified for their commitment to customer privacy.[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Trusted by over 45,000 businesses&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/users.svg&#8221; alt=&#8221;Trusted by over 20,000 businesses&#8221; icon_alignment=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; global_colors_info=&#8221;{}&#8221;]Small business loan experts. They\u2019ve already helped thousands of small businesses access the funds they need to grow.[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;blurb-icon-link&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;World class customer satisfaction&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/thumbs-up.svg&#8221; alt=&#8221;World class customer satisfaction&#8221; icon_alignment=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; global_colors_info=&#8221;{}&#8221;]They\u2019re backed by a Net Promoter Score of +77 and are ranked #1 in the money category on independent review site, TrustPilot.[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Over $3b in small business loans&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/sack-dollar.svg&#8221; alt=&#8221;Over $1.2b in small business loans&#8221; icon_alignment=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h2&#8243; global_colors_info=&#8221;{}&#8221;]Supporting business growth. They\u2019ve supported businesses with more than $1.6 billion and counting.[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;T&#038;C&#8221; _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;14px&#8221; text_line_height=&#8221;1.3em&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]Reckon Business Loans is offered by Prospa Advance Pty Ltd ACN 006 593 219. Terms and conditions and fees and charges apply. Request more information by calling 1300 901 570. Reckon Limited is the introducer only and does not guarantee or support Prospa Advance Pty Ltd in any way. Prospa is not part of Reckon Limited.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f3f2f6&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\">How our business lending works?<\/h2>\n<p style=\"text-align: center;\">We take the work out of getting a line of credit in three simple steps.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Apply for Line of Credit online or call us on 1300 901 570.&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/clipboard-check.svg&#8221; alt=&#8221;Apply for a business loan online or over the phone in minutes.&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h3&#8243; header_text_align=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Get a decision and funding possible in 24 hours. &#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/thumbs-up.svg&#8221; alt=&#8221;Get a decision and funding possible in 24 hours. It\u2019s much faster than your bank.&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h3&#8243; header_text_align=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Access $2,000 to $150,000 in funds when you need them.&#8221; image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/03\/chart-line.svg&#8221; alt=&#8221;Get a decision and funding possible in 24 hours. It\u2019s much faster than your bank.&#8221; _builder_version=&#8221;4.16&#8243; header_level=&#8221;h3&#8243; header_text_align=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;#apply&#8221; button_text=&#8221;Apply now&#8221; button_alignment=&#8221;center&#8221; admin_label=&#8221;Apply now button&#8221; _builder_version=&#8221;4.16&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Need more than $150,000? See our <a href=\"https:\/\/www.reckon.com\/nz\/business-loans\/\">Small Business Loan<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;apply&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f3f2f6&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text admin_label=&#8221;Form heading&#8221; module_id=&#8221;prospa-title&#8221; _builder_version=&#8221;4.16&#8243; text_orientation=&#8221;center&#8221; custom_padding=&#8221;||10px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2 class=\"prospa-title\">Business loans made easy<\/h2>\n<p>Complete the application below and get a fast decision and funding possible in 24 hours.<br \/>\n[\/et_pb_text][et_pb_code admin_label=&#8221;Prospa Form Custom&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<script src=\"https:\/\/ajax.aspnetcdn.com\/ajax\/jquery.validate\/1.11.1\/jquery.validate.js\"><\/script>\r\n<script src=\"https:\/\/ajax.microsoft.com\/ajax\/jquery.validate\/1.11.1\/additional-methods.js\"><\/script>\r\n    <div id=\"prospa-form\" class=\"prospa-form\">\r\n    <form class=\"prospa-form\" id=\"prospa-form-main\">\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_loan_amount\" class=\"prospa_loan_amount\">How much would you like to borrow?<\/label>\r\n            <span class=\"prospa_loan_amount\"><input type=\"text\" id=\"prospa_loan_amount\" class=\"input\" name=\"prospa_loan_amount\" \/><\/span>\r\n        <\/p>\r\n\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_loan_duration\" class=\"prospa_loan_duration\">How long do you want this loan for?<\/label>\r\n            <select id=\"prospa_loan_duration\" class=\"select\" value=\"\" name=\"prospa_loan_duration\">\r\n            <\/select>\r\n        <\/p>\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_first_name\" class=\"prospa_first_name\">First name<\/label>\r\n            <input type=\"text\" id=\"prospa_first_name\" class=\"input\" name=\"prospa_first_name\" \/>\r\n        <\/p>\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_last_name\" class=\"prospa_last_name\">Last name<\/label>\r\n            <input type=\"text\" id=\"prospa_last_name\" class=\"input\" value=\"\" name=\"prospa_last_name\" \/>\r\n        <\/p>\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_trading_name\" class=\"prospa_trading_name\">Business name<\/label>\r\n            <input type=\"text\" id=\"prospa_trading_name\" class=\"input\" name=\"prospa_trading_name\" \/>\r\n        <\/p>\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_mobile\" class=\"prospa_mobile\">Mobile<\/label>\r\n            <input type=\"tel\" id=\"prospa_mobile\" class=\"input\" value=\"\" name=\"prospa_mobile\" \/>\r\n        <\/p>\r\n        <p class=\"field_full\">\r\n            <label for=\"prospa_email\" class=\"prospa_email\">Email Address<\/label>\r\n            <input type=\"email\" id=\"prospa_email\" class=\"input\" value=\"\" name=\"prospa_email\" \/>\r\n        <\/p>\r\n         <p class=\"field_full\">\r\n            <label for=\"prospa_turnover\" class=\"prospa_turnover\">Monthly turnover <\/label>\r\n            <select id=\"prospa_turnover\" class=\"select\" value=\"\" name=\"prospa_turnover\" \/>\r\n                <option value=\"0\" class=\"disabled\">Please select<\/option>\r\n                <option label=\"less than $6,000\" value=\"1\">less than $6,000<\/option>\r\n                <option label=\"more than $6,000\" value=\"2\">more than $6,000<\/option>\r\n            <\/select>\r\n        <\/p>\r\n         <p class=\"field_full\">\r\n            <label for=\"prospa_trading_history\" class=\"prospa_trading_history\">Trading history<\/label>\r\n            <select id=\"prospa_trading_history\" class=\"select\" value=\"\" name=\"prospa_trading_history\" \/>\r\n                <option value=\"0\" class=\"disabled\">Please select<\/option>\r\n                <option label=\"less than 6 months\" value=\"1\">less than 6 months<\/option>\r\n                <option label=\"more than 6 months\" value=\"2\">more than 6 months<\/option>\r\n            <\/select>\r\n        <\/p>\r\n        <input name=\"prospa_state\" type=\"hidden\" value=\"NZ\" \/>\r\n        <input id=\"prospa_country\" name=\"prospa_country\" type=\"hidden\" value=\"NZ\" \/>\r\n        <p class=\"field_full submit-wrapper\">\r\n            <button type=\"submit\" id=\"prospa-submit\" class=\"et_pb_button\">Let's get started<\/button>\r\n        <\/p>\r\n    <\/form>\r\n<\/div>[\/et_pb_code][et_pb_text admin_label=&#8221;Thank you message&#8221; module_id=&#8221;prospa-thank-you&#8221; _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;14px&#8221; text_line_height=&#8221;1.3em&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2 class=\"prospa-title\">Thank you for submitting your application for a Reckon Loan<\/h2>\n<p class=\"prospa-desc\">We&#8217;ll notify you shortly on the status of your application and we may request some additional information from you.<\/p>\n<p class=\"prospa-desc\"><span style=\"line-height: 1.7em;\">In the meantime, please read the <\/span><a style=\"line-height: 1.7em;\" href=\"https:\/\/www.reckon.com\/nz\/business-loans\/#faq\" target=\"_blank\" rel=\"noopener noreferrer\">FAQs<\/a><span style=\"line-height: 1.7em;\"> for any questions you may have.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Non-eligible message&#8221; module_id=&#8221;prospa-non-eligible&#8221; _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;23px&#8221; text_line_height=&#8221;1.3em&#8221; text_orientation=&#8221;center&#8221; custom_css_main_element=&#8221;display:none;&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2 class=\"prospa-title\">Thanks for enquiring about funding with Reckon.<\/h2>\n<p class=\"prospa-desc\">Unfortunately, we are currently not able to progress your enquiry to the application stage because your business does not meet our eligibility criteria.<\/p>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;THINGS&#8221; _builder_version=&#8221;4.27.4&#8243; text_font_size=&#8221;14px&#8221; text_line_height=&#8221;1.3em&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-257507 size-medium\" src=\"https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2023\/02\/Reckon-Loans-Prospa-Logo_RGB-1-300x48.png\" alt=\"\" width=\"300\" height=\"48\" \/><\/p>\n<p>Reckon Loans is a service offered by Prospa Advance Pty Ltd ACN 154 775 667. Reckon Limited is the introducer only and does not guarantee or support Prospa Advance Pty Ltd in any way. Prospa is not part of Reckon Limited. Reckon receives a fee for referral or may elect to participate in the loan. Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply. These rates apply to Prospa\u2019s small business loan product only. See <a class=\"c-link\" href=\"https:\/\/prospa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"slack-kit-tooltip\">prospa.com<\/a>\u00a0for more details.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||200px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;FAQ&#8221; _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Frequently asked questions<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; module_class=&#8221;faqs&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_toggle title=&#8221;Tell me about the Reckon Loans Line of Credit?&#8221; admin_label=&#8221;Tell me about the Reckon Loans Line of Credit?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Reckon Loan\u2019s Line of Credit gives you access to a convenient and flexible source of funds between $2,000 to $150,000 and you only pay interest on what you use.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;What are the borrowing costs with a line of credit?&#8221; admin_label=&#8221;What are the costs of borrowing with a line of credit?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Fees:<\/p>\n<ul>\n<li>$0 origination fee<\/li>\n<li>No penalties for early repayment<\/li>\n<li>2.4% p.a. of the Facility Limit, paid weekly from settlement (0.046% weekly)<\/li>\n<li>Only pay interest on the funds you use, while you use them<\/li>\n<\/ul>\n<p>Rate:<\/p>\n<ul>\n<li>Between 19.99% and 34.99% APR (annual percentage rate) depending on risk rate.<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;How long is my Line of Credit available?&#8221; admin_label=&#8221;How long is my Line of Credit available?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Your Line of Credit will be available for a period of 24 months. If you wish to extend your Line of Credit beyond this 24\u2013month period, we will need to re-assess your business situation in case anything has changed.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;How do I pay back the Line of Credit?&#8221; admin_label=&#8221;How do I pay back the Line of Credit?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>We will set up an automatic repayment schedule with set weekly repayments over 24 months. The weekly repayment will consist of interest and a portion of principal, as well as any applicable fees, such as the Weekly Service Fee.\u00a0<\/p>\n<p>So that you don\u2019t need to worry about missing a payment, your weekly repayments will be automatically debited from your nominated business bank account.<\/p>\n<p>You can choose to simply pay the set weekly repayments, or you can make additional payments at any time to reduce your drawn balance, thus reducing the amount of interest you pay. It\u2019s up to you.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;How do I access the Prospa Business Line of Credit?&#8221; admin_label=&#8221;What can the Reckon Loans Line of Credit be used for?&#8221; _builder_version=&#8221;4.17.6&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>There are two ways to access and use your Prospa Line of Credit:\u00a0<\/p>\n<ul>\n<li>Visit the Prospa online portal<\/li>\n<li>Visit the Prospa mobile<\/li>\n<\/ul>\n<p>Once you have logged in, you will be able to view transactions, draw down funds to your nominated business bank account, directly pay invoices and suppliers and much more.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;What can a Line of Credit be used for?&#8221; admin_label=&#8221;What can the Reckon Loans Line of Credit be used for?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>A Reckon Loan\u2019s Line of Credit can be used for almost any business purpose \u2013 including activities that help you manage day-to-day cash flow. For example, it could be used for paying staff wages, covering unpaid invoices, buying urgent stock, managing seasonal fluctuations, pay tax on time, paying suppliers and much more. The Line of Credit cannot be used for personal purposes.<\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_toggle title=&#8221;What do you need to have ready before you apply?&#8221; admin_label=&#8221;What do you need to have ready before you apply?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>Your Driver\u2019s Licence number<\/li>\n<li>The NZBN for your business<\/li>\n<li>The BSB and account number of your main trading account<\/li>\n<li>The 12 latest banks statements*<\/li>\n<\/ul>\n<p>*You can use the electronic bank statements link which is secure, quick and easy to use.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Do I qualify for a Business Line of Credit?&#8221; admin_label=&#8221;Do I qualify for a Business Line of Credit?&#8221; _builder_version=&#8221;4.17.6&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>You can apply for a Reckon Loans Line of Credit if you:<\/p>\n<ul>\n<li>are a\u202f New Zealand Citizen\u202f(or permanent resident)<\/li>\n<li>are over 18 years, own an\u202fAustralian business (with a valid NZBN)<\/li>\n<li>can demonstrate\u202f 12 months of trading\u202ffor a new business (or\u202f3 months\u202fif you have purchased an existing business)<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Can I speak to someone about a Line of Credit?&#8221; admin_label=&#8221;Can I speak to someone about a Line of Credit?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]Sure thing. Call our friendly team on 1300 901 570[\/et_pb_toggle][et_pb_toggle title=&#8221;Why is Reckon introducing Prospa?&#8221; admin_label=&#8221;Why is Reckon introducing Prospa?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>At Reckon, we\u2019re transforming the way small businesses access financing. We\u2019re making business lending smarter, faster and easier. That\u2019s why we\u2019ve engaged Prospa, Australia\u2019s #1 rated financial services company on TrustPilot. Prospa has funded more than $3 billion to over 45,000 Australian businesses.<\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;How does Reckon work with Prospa?&#8221; admin_label=&#8221;How does Reckon work with Prospa?&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]Reckon Loans is powered by Prospa. Reckon Limited is not a provider of financial services. Reckon Limited acts as an introducer only.[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Testimonial&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#ffffff&#8221; background_image=&#8221;https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2020\/08\/reckon-loans-testimonial-image.jpg&#8221; min_height=&#8221;70vh&#8221; min_height_tablet=&#8221;&#8221; min_height_phone=&#8221;&#8221; min_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_margin_tablet=&#8221;&#8221; custom_margin_phone=&#8221;||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||||false|false&#8221; background_last_edited=&#8221;off|desktop&#8221; background_enable_image_phone=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; pac_dcm_carousel_specific_module_num=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;170deg&#8221; background_color_gradient_stops=&#8221;#F3F6F9 0%|#DDE1E5 100%&#8221; background_color_gradient_start=&#8221;#F3F6F9&#8243; background_color_gradient_end=&#8221;#DDE1E5&#8243; width=&#8221;100%&#8221; custom_margin=&#8221;-150px||||false|false&#8221; custom_margin_phone=&#8221;||||false|false&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; custom_padding=&#8221;75px|100px|64px|64px|false|false&#8221; custom_padding_tablet=&#8221;||50px||false|false&#8221; custom_padding_phone=&#8221;60px|40px|50px|40px|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;off||60px|60px|60px&#8221; border_radii_tablet=&#8221;&#8221; border_radii_phone=&#8221;off||40px|40px|40px&#8221; border_radii_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>\u201cThe process was too easy. I made the phone call, answered all the questions, and it took half an hour. I was approved for a business loan within 24hrs and the funds were in my account that afternoon.\u201d<\/h4>\n<p><strong><em>Yesha Avsar, Just Pets<\/em><\/strong><br \/>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Line of Credit Apply today for a revolving line of credit from $2000 &#8211; $150,000 to use and reuse when you like.Business lending made simple to grow your business and manage your cash flow. A Reckon Loans Business Line of Credit is a safety net designed to give you the confidence to focus on [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"difl_page_category":[],"class_list":["post-257207","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Reckon Loans - Line of credit | Reckon NZ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.reckon.com\/nz\/line-of-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reckon Loans - Line of credit\" \/>\n<meta property=\"og:description\" content=\"Business Line of Credit Apply today for a revolving line of credit from $2000 - $150,000 to use and reuse when you like.Business lending made simple to grow your business and manage your cash flow. 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