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Which product are you interested in?
Best for when you need
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
Eligibility
- Minimum $1M annual turnover
- 3 years trading history
- Active ABN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active ABN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active ABN and valid driver’s licence
- Good credit history
- Minimum $1M annual turnover
- 3 years trading history
- Active ABN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active ABN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active ABN and valid driver’s licence
- Good credit history
Asset security
No property security required upfront
For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).
For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).
No upfront security
No need to put your house or other assets down as security to access up to $150K in Prospa funding.
No upfront security
No need to put your house or other assets down as security to access up to $150K in Prospa funding.
No property security required upfront
For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).
For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).
No upfront security
No need to put your house or other assets down as security to access up to $150K in Prospa funding.
No upfront security
No need to put your house or other assets down as security to access up to $150K in Prospa funding.
Loan size
From $150,000 - $500,000
Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus
Up to $150,000
From $150,000 - $500,000
Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus
Up to $150,000
Loan term
Both products are
3 – 36 months
Both products are
3 – 36 months
24 months
Both products are
3 – 36 months
Both products are
3 – 36 months
24 months
Interest
Fixed interest rate
Both products do not require Asset security
Fixed interest rate
Both products do not require Asset security
Interest calculated on the funds you use, not on the limit.
Fixed interest rate
Both products do not require Asset security
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 loan 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 loan 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 can be repaid
Weekly
Both products are repaid weekly
Weekly
Both products can be repaid
Weekly
Both products can be repaid
Weekly
Both products are repaid weekly
Weekly
Online access
Both products can be accessed through the
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Dedicated lending specialist
Visa debit card not available
Yes
Visa debit card not available
Yes
Yes
Visa debit card not available
Yes
Visa debit card not available
Yes
Yes
Visa debit card
No
Dedicated lending specialist not available
No
No
No
Dedicated lending specialist not available
No
No