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Product updates, news and insights from the Prospa team.
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Announcements
News
Insights
Awards
People
Culture

Announcements

Aussie small businesses face financial and emotional burnout as peak season nears

Check it out

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

11 February 2025

Jin Foo from Prospa speaks to Innovative Technology

News

Prospa de-risks loan book with innovative technology

29 April 2025

Announcements

Unstoppable launch event (broadcast recording)

31 October 2024

Insights

Nearly two thirds of Australian SMEs survive on less than two months of cash reserves

23 July 2024

Insights
News

How brokers can help small businesses at EOFY (and beyond)

05 May 2023

Prospa partners with Trace to kick start its environmental action plan

30 June 2023

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

11 February 2025

News

Prospa de-risks loan book with innovative technology

29 April 2025

Announcements

Unstoppable launch event (broadcast recording)

31 October 2024

Insights

Nearly two thirds of Australian SMEs survive on less than two months of cash reserves

23 July 2024

Insights
News

How brokers can help small businesses at EOFY (and beyond)

05 May 2023

Prospa partners with Trace to kick start its environmental action plan

30 June 2023

Most recent

All ⁷⁰
Announcements ²⁵
News ¹⁹
Insights ¹³
Awards ⁶
People ⁶
Culture ¹

09 May 2025

How brokers can prepare for EOFY

09 May 2025

29 Apr 2025

News

Prospa de-risks loan book with innovative technology

29 Apr 2025

13 Feb 2025

Australian Broker: Time for brokers to diversify into SME lending

13 Feb 2025

11 Feb 2025

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

11 Feb 2025

09 Dec 2024

Announcements

Aussie small businesses face financial and emotional burnout as peak season nears

09 Dec 2024

19 Nov 2024

Broker Daily: Prospa breaks down new tool promoting broker efficiency

19 Nov 2024

Prospa solutions

Prospa
Small Business Loan

Quick access $5K - $150K

Learn more

Prospa
Business Loan Plus

Larger loans $100K - $500K

Learn more

Prospa
Line of Credit

Ongoing access to funds up to $150K

Learn more

Get started

Which product are you interested in?

Apply for funds

Small business lending to match your business needs

Open an account

A business transaction account. For existing Prospa customers.

Compare our products

Select Product #1

Small Business Loans
Business Loan Plus
Line of Credit

Select Product #2

Small Business Loans
Business Loan Plus
Line of Credit

Best for when you need

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Eligibility

6 months minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

6 months minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Asset security

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Loan size

From $5K to $150K

From $150K to $500K

From $2K to $500K

From $5K to $150K

From $150K to $500K

From $2K to $500K

Loan term

Both products are Up to 3 years

Both products are Up to 5 years

2 years, with option to renew

Both products are Up to 3 years

Both products are Up to 5 years

2 years, with option to renew

Interest

Both products do not require Asset security Fixed interest rate

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Both products do not require Asset security Fixed interest rate

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Payments structure

Both products can be repaid in a Receive your full amount as a lump sum

Both products can be repaid in a Receive your full loan amount as a lump sum

Use and reuse as often as you like during the 24 month renewable term

Both products can be repaid in a Receive your full amount as a lump sum

Both products can be repaid in a Receive your full loan amount as a lump sum

Use and reuse as often as you like during the 24 month renewable term

Repayment frequency

Both products can be repaid Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Both products can be repaid Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Online access

Both products can be accessed through the Prospa App and Prospa Online

Dedicated lending specialist

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Call us on 1300 882 867

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Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 1300 882 867

We’ve received your details.

We’ll be in touch soon. In the meantime, get a head start with a few business questions.

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Search by ABN, ACN or legal trading name:

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Thanks for contacting us! We will get in touch with you shortly.

Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 1300 882 867

What can we assist with?

Business Loan

Line of Credit

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Inside Prospa

Inside Prospa

Aussie small businesses face financial and emotional burnout as peak season nears

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

Prospa de-risks loan book with innovative technology

Unstoppable launch event (broadcast recording)

Nearly two thirds of Australian SMEs survive on less than two months of cash reserves

How brokers can help small businesses at EOFY (and beyond)

Prospa partners with Trace to kick start its environmental action plan

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

Prospa de-risks loan book with innovative technology

Unstoppable launch event (broadcast recording)

Nearly two thirds of Australian SMEs survive on less than two months of cash reserves

How brokers can help small businesses at EOFY (and beyond)

Prospa partners with Trace to kick start its environmental action plan

How brokers can prepare for EOFY

Prospa de-risks loan book with innovative technology

Australian Broker: Time for brokers to diversify into SME lending

Broker Daily: 3 tips for brokers to help SMEs strengthen cash reserves

Aussie small businesses face financial and emotional burnout as peak season nears

Broker Daily: Prospa breaks down new tool promoting broker efficiency

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit