Best Business Loan Australia

Business borrowing

Prospa helps small businesses improve their cash flow by finding them the best business loan in Australia for their needs. Whether you own a small to medium business or you’re thinking of investing in an existing business, securing funds will be essential to your business success.

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 get to know our small business customers before finding them a funding solution for their needs, and for many small businesses Prospa may be the best business loan in Australia We know what it’s like to run a small business and understand the value of being able to access money when you need it.

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.

More about business loans.

How we’ve helped other small business owners find the best business loan in Australia for their needs

We’ve been lucky enough to help thousands of clients who’ve used our SME business loan to soar to new heights. Byron Bay bespoke business Truly Tea, leveraged our small business loan to produce more stock so they could tender for a contract with the airlines. While Melbourne chef Brad Anderson established two vegan food businesses and launched a wholesale brand. Hair salon owners  Amanda and Peter Rickman used their Prospa small business loan to expand their salon and grow retail sales online, and the owner of Happy Days Coffee Pot and 2 Days cafe boosted turnover by 300%.

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

If you’re looking for the best business loan in Australia for your needs, check out Prospa’s business loan features:

  • Quick and easy application process
  • Funding possible in 24 hours
  • Fast approval for a lump sum between $5K and $500K
  • No asset security required upfront to access up to $150K of Prospa funding
  • Customised business loan rates based on your business
  • Fixed loan term between 3 and36 months

As an alternative to a business loan, we also offer a business line of credit with limits up to $150K. 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

No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.
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 $500K.


A dedicated Business Lending Specialist will get to know you and your business and provide a personalised solution.


Join thousands of Aussie small businesses who thrive with the support of Australia’s #1 online lender to small 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.

Other questions? Talk to a specialist

Awards, thanks to you

It’s nice to know we’re doing something right

Year Award Category
2024 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, Best short-term loan
2024 FINNIES Fintech Australia Awards Finalist, Excellence in Business Lending
2024 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, Best SME loans less than $250K
2024 Great Place to Work Recognised as one of the Top 10 Best Workplaces in Technology
2024 Work180 Recognised by WORK180 as one of Australia’s top 101 workplaces for women

See more awards