At Prospa, we aim to meet your business loans needs and bridge the gap so small businesses like yours can easily apply for funds. When applying for a commercial loan, a lender like Prospa can help you avoid the piles of paperwork.
Apply today with Prospa for a great business loan option that might be the best business loan in Australia for your needs.
Finding the best business loan in Australia for your needs
We believe small businesses are invaluable to Australia’s thriving economy and local communities – and helping them is at the heart of what we do. Making up approximately 97% of businesses in Australia and supporting 70% of our national workforce, small businesses are the pillars on which our economy operates.
We’ve helped thousands of small businesses succeed with accessible business lending. With over 6,600 reviews on Trustpilot, we’ve proven we can provide our customers with high-value funding option without hidden costs. Don’t just take our word for it – see how we’ve helped customers just like you succeed.
How we’ve helped other small business owners find the best business loan in Australia for their needs
All small businesses can benefit from the cash flow a business loan can offer, whether you’re raising working capital or seeing your business through a lull. We’re here to help small business owners like you secure the funds you need to grow or establish your business and succeed in the long term.
Our business loan features
- Quick and easy application process
- Funding possible in 24 hours
- Fast approval for a lump sum between $5,000 and $500,000
- No asset security required upfront to access up to $150,000 of Prospa funding
- Customised business loan rates based on your business
- Fixed loan term between 3 and36 months
- Fixed daily or weekly repayments
As an alternative to a business loan, we also offer a business line of credit with limits up to $150,000. It’s like having funds on hand when you need them to support day-to-day business cash flow. Find out more here.
Once you qualify, you’ll get a fast decision, and we’ll be with you every step of the way.
Talk to Australia’s #1 online lender to small business
We’re Australia’s #1 online lender to small business.
Fast application and decision, and funding possible in 24 hours on flexible options up to $500,000.
Locally focused BDMs backed by a team of dedicated Business Lending Specialists who get to know your client's business.
There are many loan options for a small business out there, but when it comes to choosing the most suitable business loan for your business, it all comes down to what you need and when you need it.
The types of loans and amounts you’ll be approved for will depend on your unique business circumstances. We look at a range of factors including industry, how long you’ve been running, cash flow, and the overall health of your business. That’s how we find you the best business loan in Australia for your needs.
Business loans can be used for a host of different things, from upgrading equipment and machinery to renovating an office or retail space to securing large volumes of stock, among many others. Business loans are a handy way to ensure that you always have the cash flow you need when you need it.
A Prospa business loan is a fixed-cost loan with no hidden fees, so you’ll know exactly what you need to pay and when you need to pay it. Your loan interest rate is based on your business circumstances, and there’s no compounding interest or charges if repayments are on time. Choose Australia’s #1 online lender to small business today.
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|2022||Great Place to Work||Certified|
|2022||The Adviser Magazine's Product of Choice: Non-Banks Survey||Winner, SME under $250K Loan of Choice|
|2022||The Adviser Magazine's Product of Choice: Non-Banks Survey||Winner, Short Term Loan of Choice|
|2019||Deloitte Technology Fast 500||Winner, Asia Pacific|