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Zac Speedy

Zac Speedy is a Marketing Specialist who focuses on building and nurturing relationships with broker partners in the small business funding sector.

11 Apr 2024

Partner
  • Education and development

How to help your clients make the most of 2024

11 Apr 2024

07 Mar 2024

  • Partner stories

From factory floor to financial force: the Savage Money success story

07 Mar 2024

29 Jan 2024

  • Partner stories

How I worked with Prospa to build my finance business

29 Jan 2024

16 Jan 2024

  • Growth and diversification

Small business demand for alternative lenders

16 Jan 2024

26 Dec 2023

  • Growth and diversification

How to attract clients through marketing and referrals

26 Dec 2023

14 Nov 2023

  • Education and development

What is the PPSR, what does it mean for you

14 Nov 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
  • Line of Credit
  • Business Loan Plus
  • Small Business Loans
Select Product #2
  • Line of Credit
  • Business Loan Plus
  • Small Business Loans
Best for when you need
To build cash flow confidence
Funds for bigger plans
Fast access to funds
To build cash flow confidence
Funds for bigger plans
Fast access to funds
Eligibility
  • 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
  • 6 months 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
  • 6 months minimum trading history applies
  • 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 $2K to $500K
From $150K to $500K
From $5K to $150K
From $2K to $500K
From $150K to $500K
From $5K to $150K
Loan term
2 years, with option to renew
Both products are Up to 5 years
Both products are Up to 3 years
2 years, with option to renew
Both products are Up to 5 years
Both products are Up to 3 years
Interest
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.
Fixed interest rate
Both products do not require Asset security Fixed interest rate
Payments structure
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 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 amount as a lump sum
Repayment frequency
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%
Both products can be repaid Weekly
Both products can be repaid 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
Yes
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
Visa debit card
No
No
Dedicated lending specialist not available No
No
No
Dedicated lending specialist not available No
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