Business line of credit · Tradies
Business line of credit for tradies
Tradies and contractors need finance that lands before the job and is repaid as progress claims and invoices clear. Utes, tools and cash-flow gaps between jobs are the usual triggers.
How a business line of credit works for tradies
A line of credit suits contractors with several jobs running: draw for materials on one job, repay when another pays, and keep the limit ready for the next.
The cash-flow pattern we plan around
A builder or subcontractor may wait 30–60 days for a progress claim while paying materials and wages weekly.
What tradies typically fund
- Ute or van
- Tools and equipment
- Cash flow between progress claims
- ATO and super catch-ups
Business line of credit for tradies: the numbers
| Typical amounts | $10,000 – $500,000 |
|---|---|
| Term | 6–24 months |
| Indicative rates | 11.5% – 24% p.a. |
| Repayments | Weekly or monthly minimums on the drawn balance |
| Speed | 1–3 business days |
| Documents tradies usually need | ABN and licence · 6 months of bank statements · Supplier quote for any asset |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
Business finance for tradies
Business finance for tradies covers vehicle and equipment loans plus short-term working-capital products sized to irregular, invoice-driven income.
What is a business line of credit?
A business line of credit is a revolving facility with a pre-approved limit. You borrow only what you need, pay interest only on the drawn balance and can redraw repaid funds without reapplying.
Line of credit vs business loan
A business loan pays a lump sum repaid on a fixed schedule; a line of credit is a flexible limit drawn as needed. Loans suit one-off purchases, lines of credit suit fluctuating working-capital needs.
Questions from tradies
Are low-doc options available?
Yes, some lenders offer low-doc pathways. Low-doc does not mean no documents or automatic approval. The information required depends on your business, the amount and the lender. Your broker will explain what is needed.
What documents will you need?
We start with a conversation about your business. To assess your options, lenders commonly need identification and recent business bank statements. Depending on the loan, they may also request BAS, financials or statements for existing debts. Your broker gives you a clear list for your situation.