Prospa is now open on Saturdays. Call our team between 10am & 4pm to discuss your loan.

Business loans
made easy

With Australia’s #1 online lender to small business

Apply Now

With Australia’s #1 online lender to small business

Apply Now

Keep your business moving with a funding solution that suits your business needs

Need funds for business growth or cash flow support? Talk to our small business lending specialists about a funding solution that puts you in control and gives you the confidence to seize opportunities with Prospa by your side.


A one-off lump sum or ongoing access to funds, with fast application and decision. Funding possible in 24 hours.


Our business lending specialists get to know you and your business so you get the best outcome for your needs.


With over $1 billion lent to more than 19,000 businesses, we’re Australia’s #1 online lender to small business.

Peace of mind

Strong compliance and data encryption keeps your information safe
at all times.

Small Business Loan

“I need a lump sum for a
one-off purchase”


Borrow from $5,000 to $300,000.
Rates from 9.9% to 26.5% simple annual interest.¹

Line of Credit

“I need ongoing access
to funds”


Borrow from $2,000 to $100,000.
Use as often as you like over the 12 month term.

Why Prospa?

Prospa is Australia’s #1 online lender to small business. We take the time to understand your business and offer easy access to finance solutions that suit your business needs. You can make informed business decisions with confidence and seize opportunities with Prospa by your side. Join over 19,000 Australian small business customers.

Flexible finance options to suit

Keep your business moving with a finance solution to suit your business needs.

Grow your

Fund an

Deal with an
unplanned expense

Cover day-to-day
cash flow fluctuations

“I used the money to create cash flow, buy new stock, and generate income that way. It has actually allowed me to keep trading and basically, just to be here.”

Brigid Edey
Cherie, VIC

Business funding options to keep up the momentum

We offer a range of finance solutions that provide fast access to funds and repayments tailored to your business cash flow. Our small business lending specialists will get to know your business and help you find the right finance solution for your needs to put you in control of your business now and in the future.

Learn More

Frequently asked questions

How fast will I get a decision?

We can often provide a response in one hour – as long as you apply during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can provide a decision in as little as one business day.

How fast will I get the money?

If you apply before 4pm on a business day and your application is approved, it is possible to have money in your account the next business day.

How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. We consider a variety of factors to determine the health of your business and based on this information, Prospa may be able to provide you a loan amount up to $300,000.

How do you charge for a Prospa business loan?

When you apply for our business loan, we will assess the risk profile of your business and provide you with a customised offer including loan amount, term and interest rate. Our interest rates range from 9.9% to 26.5% per annum simple interest rate and offers vary based on things like your industry, how long you’ve been in business, and the health of your cash flow.

When you take out a business loan with Prospa, the only fee you will incur is an origination fee. There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay and when from day one. There’s no compounding interest, no additional costs for early repayment and no additional fees (as long as you make your payments on time).

If you wish to receive your individual rate from Prospa, you should call on 1300 882 867 or complete our easy online application.

How do repayments work?

To help you avoid missing repayments we offer repayments that fit in with your cash flow cycle – either daily or weekly. These are automatically deducted from your nominated business account.

Will my information be protected with Prospa?

Protecting your information, and being clear about how we collect, use, exchange and protect your information, is of huge importance and a vital part of our relationship with you. View our Privacy Policy.

Is it safe to link my bank account to the Prospa platform?

Yes. We use industry recognised encryption standards to protect your personal, sensitive and financial data and are ISO27001 certified, validating our commitment to customer data security and privacy. We use an advanced bank verification system link to instantly verify your bank account information online so we can provide a fast response.

Do I need security for a Prospa Small Business Loan?

Prospa considers the health of a business to determine creditworthiness. For small business loans or lines of credit up to $100,000 no security is required to access the funds. If you continue to meet your obligations under the facility, such as payment obligations (as detailed in your contract), security will never be required. For facilities over $100,000 Prospa takes security in the form of a charge over your assets.

See more on how to get a small business loan – the easy way.

Do I qualify for a Business Line of Credit?

You can apply for a Business Loan or Business Line of Credit funding with Prospa if you:

  • are an  Australian Citizen (or permanent resident)
  • are over 18 years, own an Australian business (with a valid ABN/ACN)
  • can demonstrate 6 months of trading for a new business (or 3 months if you have purchased an existing business)
How to get a business loan?

If you need flexible finance for business, we are Australia’s #1 online lender to small business and we can help. Our dedicated customer support team will understand your business and find a finance solution to suit your needs. We work with Australian small business owners from NSW to QLD, Victoria to WA and everywhere in between to take the hassle out of business loans.

Unlike traditional lenders, we don’t require the usual pages of reports, financial statements and business plans when you apply. Instead, we offer a quick online application with a fast decision and funding possible in 24 hours. You only need six months of bank statements, your ABN and a drivers licence to get started.

If you’re concerned about being baffled by banking jargon, we’ve simplified our loan application process so there’s no more complex terminology around cash flow, low interest loans, fixed rate loans versus variable rates, the loan term, terms and conditions and whether you are in a position to refinance in the future. It’s simple and easy to understand with Prospa.

With Prospa you’ll have a clear understanding of what’s expected, how much your set repayments will be, whether they’re daily or weekly, when they’ll be due, the total amount you’ll pay back by the end of your loan, and your payment options.

Call 1300 882 867 to get started on your business loan application today.

What are alternatives to a business loan?

There are a number of options you can explore when you want to compare business financing options. Here are some to think about:

Invoice factoring: This type of finance is also known as invoice finance. It allows small businesses to receive part of their outstanding invoices immediately to help cover costs. It is usually used to maintain cash flow short-term. Prospa doesn’t offer invoice factoring, however if you do need help with your cash flow or a way to boost working capital, then a Prospa loan could be just what you need.

Equipment financing: Equipment loans are a way to finance purchases of equipment for your business. This type of finance is usually secured against the value of the business asset you wish to purchase. This can sometimes help to secure a low rate, although this isn’t always the case. So, if you need to purchase business machinery, IT equipment, tools, or even work vehicles, a Prospa business loan could be a good alternative to equipment finance.

Vehicle finance, Business car loan, Machinery finance: This can be a handy way of updating your fleet vehicles or to cover the cost of large assets like harvesters, excavators, commercial cookers, etc. A Prospa small business loan may be able to cover these items, talk to us today to find out more.

Business overdraft: Also known as a business line of credit, this handy type of finance can help small businesses cover short-term cash flow gaps. It is often used to cover bills like payroll which can fluctuate if you employ seasonal casuals. It’s also useful to pay suppliers on time if you’re waiting for your own invoices to be paid by your customers.

Do you need a deposit for a business loan?

Some commercial loans require a deposit. And while you don’t need a deposit to apply for a business loan with Prospa, it is a good idea to have a clear understanding of all of your finances before you apply. It’s OK if you don’t have pages and pages of financial analysis to reference. We understand that small business operators are up against it and often struggle to keep up with the paperwork. To apply for up to $150,000, you only need 6 months of bank statements, an ABN and your drivers licence

Do business loans rely on personal credit checks?

Like traditional lenders, Prospa conducts credit checks to look at your personal credit score in conjunction with your business health. Credit reporting bodies will compile a report on your credit worthiness based on a range of factors which include how many loan applications you have already made, your current credit if you have any, any overdue bills, past bankruptcy if applicable and any pending writs or court judgments.

At Prospa, we don’t rely solely on your personal credit score, we focus on evaluating the health of your business. We have developed a complex credit assessment tool which takes into account over 450 separate pieces of information. It’s unique to Prospa and allows us to take the time to really understand how your business operates and what loan amount will be the most applicable to your business’s long-term stability.

If you apply for a loan of $5,000 to $150,000, you need to demonstrate 6 months of trading history through bank statements. If you need $150,000 to $300,000 we’ll require additional financials like a P&L statement. If you are ready to find out how much you can borrow and ready to find a better way to finance your business, contact a member of our friendly customer service team today on 1300 882 867 or fill out a quick and hassle-free online form.

Prefer to speak to someone?
Call us at 1300 882 867

¹Lowest rate is 9.9% simple annual interest rate. Prospa uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for small business loans range from 9.9% to 26.5% simple annual interest rate and equivalent Annual Percentage Rates (APRs) of 17.8% to 47.7%. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. Eg. a $10,300 12-month loan (comprising a $10,000 disbursement and $300 origination fee) with a simple annual interest rate of 9.9% p.a, and equivalent APR of 17.3%, would have total repayment amount of $11,320. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to Prospa’s small business loan product only. Prospa’s Line of Credit product has APRs from 14.95%-29.95%.