Katrina Fox, Author at Prospa

Main Navigation

Blog
News
Partners

Blog
News
- - News home
  - Announcements
  - News
  - Insights
  - People
  - Awards
  - Culture
Partners

Log in
- Log in
  Are you a Prospa customer or a partner?
  - Customer
  - Partner
Get started
- Get started
  Which product are you interested in?
  - Apply for funds
    Small business lending  to match your business needs
  - Open an account
    A free transaction account to help you manage your cash flow

Categories

Small business inspiration
Manage your finances
Growing your business
Day to day hustle
Operating your business

Content types

Guide
Video
Infographic
Customer story
Resources

Topics

Cash flow
Technology
Marketing
Business planning
Innovation
Leadership
Finance

Industries

Building and trade
Professional services
Health and beauty
Hospitality
Transport

Prospa solutions

Prospa small business loan
Prospa business loan plus
Prospa business line of credit
Prospa business account
Prospa app

Partner blog

A curated collection of content for our partners

Inside Prospa

Product updates and insights from the Prospa team

Footer

Katrina Fox

Katrina Fox is a storytelling consultant for business and a writer for purpose-led brands. With a background in journalism, her media work has appeared across titles including Forbes, ABC, The Sydney Morning Herald, Personnel Today, Employers' Law, Occupational Health, Inside Housing, Building Products News, Environ, Contractor Construction and B&T.

06 Dec 2023

Small business inspiration
Business planning
Customer story

Meet the solopreneur running a successful beauty therapy business from her home

06 Dec 2023

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

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 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 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

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

Dedicated lending specialist not available No

No

No

Dedicated lending specialist not available No

No

No

Apply now Read more

Apply now Read more

Apply now Read more

Apply nowRead more

Apply nowRead more

Apply nowRead more

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

Are you a new or existing customer? ^{*required field}

New

Existing

First name ^{*required field}

Last name ^{*required field}

Phone number ^{*required field}

Email ^{*required field}

How can we help? ^{*required field}

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

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

We’ve received your details

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

Contact information

Business Details

First name ^{*required field}

Last name ^{*required field}

Phone number ^{*required field}

Email address ^{*required field}

By clicking continue I agree with Prospa's consent information and privacy policy.

By clicking continue I agree with Prospa's consent information and privacy policy.

Search by ABN, ACN or legal trading name:

How much are you looking for? ^{*required field}

Monthly revenue ^{*required field}

How will you use the funds? ^{*required field}

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

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

We’ve received your details.

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

Contact information

Business Details

First name ^{*required field}

Last name ^{*required field}

Phone number ^{*required field}

Email address ^{*required field}

By clicking continue I agree with Prospa's consent information and privacy policy.

By clicking continue I agree with Prospa's consent information and privacy policy.

Search by ABN, ACN or legal trading name:

How much are you looking for? ^{*required field}

Monthly revenue ^{*required field}

How will you use the funds? ^{*required field}

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

By clicking submit I agree with Prospa's consent information and privacy policy.

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

We've detected your location as New Zealand.
Is this correct?

If so, we can direct you to prospa.co.nz

Go to prospa.co.nz (NZ)

Stay on prospa.com (AU)

Don't show again

Confirm

Home Blog Author: Katrina Fox

Lending
Small Business Loan
Business Loan Plus
Business Line of Credit
Business Loans Australia
Business Loan Calculator
Business Account

About
Careers
News
Contact us
Feedback
Prospa Wiki

Blog
Prospa Online
Partner Portal

Code compliant online small business loan

Eligibility and approval criteria, fees and charges and terms and conditions may apply to Prospa’s products and services.

ABN 47 154 775 667

© 2025 Prospa Advance Pty Limited

Privacy Policy | Consent Information | Online Terms

Youtube

Instagram

https://on.prospa.com/footer

Download the Prospa App

Download the Prospa App