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.

Options

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

Support

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

Trust

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.

Choose a solution that suits your business

Small Business Loan

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

Borrow between $5,000 — $300,000.
Now with rates from 9.9% p.a²

Limited time offer: No repayments until 22 July 2019¹

Line of Credit

“I need ongoing access
to funds”

Borrow between $2,000 — $25,000.
True revolving Line of Credit.

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
business

Fund an
opportunity

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

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 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)

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

TERMS & CONDITIONS: ¹Deferred payment offer available to new and existing approved customers on a new Prospa Small Business Loan settled between 10 June and 30 June 2019 inclusive. No loan repayments required from the eligible loan settlement date to 21 July 2019 (inclusive). Loan repayments begin on 22 July 2019. Total loan repayment term will be extended by the time equal to your loan payment deferral period. Offer only available to customers connected to electronic bank statements. Offer only available to businesses established and operating in Australia. Offer not available in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply. ²Lowest rate is 9.9% p.a. simple 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% p.a. simple interest rate. 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 interest rate of 9.9% p.a. 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.