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Manage your finances

No matter if you’re a seasoned entrepreneur or just starting your journey, tackling the complexities of your business finances is a constant challenge. Brush up on the knowledge you need to start smashing your financial goals, from overcoming debt and the essentials of cash flow management, to getting the most out of your business banking and more.

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Eofy
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Small business tax
Temporary full expensing

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Simple interest rate
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Total interest percentage

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Most recent

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Prospa solutions

Prospa
Small Business Loan

Quick access $5K - $150K

Learn more

Prospa
Business Loan Plus

Larger loans $100K - $500K

Learn more

Prospa
Line of Credit

Ongoing access to funds up to $150K

Learn more

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 to help you manage cash flow

Compare our products

Select Product #1

Prospa Business Loan Plus
Prospa Small Business Loan
Prospa Business Line of Credit

Select Product #2

Prospa Business Loan Plus
Prospa Small Business Loan
Prospa Business Line of Credit

Best for when you need

A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.

Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.

Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.

A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.

Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.

Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.

Eligibility

Minimum $1M annual turnover
3 years trading history
Active ABN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum $1M annual turnover
3 years trading history
Active ABN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Asset security

No property security required upfront
For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).

No upfront security 

No need to put your house or other assets down as security to access up to $150K in Prospa funding.

No upfront security 

No need to put your house or other assets down as security to access up to $150K in Prospa funding.

No upfront security 

No need to put your house or other assets down as security to access up to $150K in Prospa funding.

No upfront security 

No need to put your house or other assets down as security to access up to $150K in Prospa funding.

Loan size

From $150,000 - $500,000

Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus

Up to $150,000

From $150,000 - $500,000

Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus

Up to $150,000

Loan term

Both products are 3 – 36 months

24 months

Both products are 3 – 36 months

24 months

Interest

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

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 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 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 are repaid weekly Weekly

Both products can be repaid Weekly

Both products are repaid weekly Weekly

Online access

Both products can be accessed through the Prospa App and Prospa Online

Dedicated lending specialist

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Categories

Content types

Topics

Industries

Prospa solutions

Partner blog

Inside Prospa

Manage your finances

8 ways to maximise your 2024 tax return

5 tips to master business finances with a dedicated account

Explained: Updates to small business payment times legislation

Grants and allowances for small businesses

EOFY tax deductions for small businesses

The difference between APR and simple interest rate explained

8 ways to maximise your 2024 tax return

5 tips to master business finances with a dedicated account

Explained: Updates to small business payment times legislation

Grants and allowances for small businesses

EOFY tax deductions for small businesses

The difference between APR and simple interest rate explained

Committed vs. Uncommitted Lines of Credit: Understanding Key Differences and Benefits

6 things small business owners should avoid at EOFY

What does the Federal Budget mean for small businesses?

8 ways to maximise your 2024 tax return

What is a business Line of credit and how does it work?

Explained: Updates to small business payment times legislation

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit