PLAN Australia today announced it will add Prospa, Australia’s #1 online lender to small business, to its lender panel.
The partnership will provide PLAN Australia brokers with greater product choice for their small business clients, including business loans ranging from $5,000 to $300,000 and a revolving line of credit up to $100,000. Prospa will also support PLAN Australia brokers with an extensive range of marketing and education resources for small business lending, available through its Partner Portal.
Prospa offers cash flow products and services specifically designed for the small business sector with simple online applications, fast turnaround times, flexible repayments, and no asset security required upfront to access up to $100,000.
Anja Pannek, CEO of PLAN Australia, said:
“With an increasing number of small business owners seeking the expertise of brokers to provide funding solutions, it’s important that we maintain a diversified lender panel to continue to meet their needs. I’m delighted to announce PLAN Australia’s partnership with Prospa which will enable our members to offer a wider range of products and services suited to their small business clients.”
Alex Brgudac, head of partnerships at Prospa said:
“We’re thrilled to partner with PLAN Australia and to be able to support even more of the 2.3 million small business owners across Australia. Brokers are key to what we do at Prospa and play a crucial role helping their clients understand the different funding options available to them. Currently more than half of Australians use a broker when applying for a home loan, and we see that same opportunity in small business lending. Together we can make a big difference to the small business economy.”
About PLAN Australia
Recently celebrating 20 years in the industry PLAN Australia is one of Australia’s largest mortgage aggregation groups, with over 1,600 members. PLAN Australia is dedicated to partnering with its members to grow successful and sustainable broking businesses.
Prospa is Australia’s number one online lender to small business. Based in Sydney, Prospa has over 250 employees and works with more than 10,000 partners, including Australia’s leading aggregators, associations and trusted corporate brands. Prospa has originated over $1.35 billion in loans to date across Australia and New Zealand and has over 24,000 small business customers. Prospa has a history of industry leadership and innovation and is a founding member of the AFIA Code of Lending Practice. In 2018 and 2019 Prospa won the MFAA National Fintech Lender of the Year and achieved a clean sweep of the MFAA Excellence Awards in all five states.
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