Home » Blog » New office marks next phase of growth for Prospa

New office marks next phase of growth for Prospa

Four years after opening our first office in Sydney, Prospa has moved into new digs on Yurong Street, embarking on the next stage of our journey to change the way small business owners experience finance and to accommodate our burgeoning team of 90 staff.

Officially opened by The Hon. John Barilaro, MP – NSW Minister for Regional Development, Minister for Skills and Minister for Small Business, the event was attended by a wide range of partners, small business customers, media and staff.

Breaking down traditional barriers

The opening ceremony was kickstarted with a short speech by Minister Barilaro, a former small business owner and firm supporter of helping small business owners succeed.  

Instead of the traditional ribbon cutting ceremony, the Minister picked up a sledgehammer to knock down a ‘brick wall’ – a symbolic gesture about removing the barriers and helping make finance more accessible for small business owners.

Minister Barilaro said, “Access to finance has always been the number one issue that gets raised with me as Small Business Minister and regardless of where you are around the globe, it’s the number one impediment for small businesses to grow.”

“There has always been a void, a space and an opportunity to look at ways of lending to small businesses and, what I love about this is not the technology, but that you [Prospa] actually understand small business. When I hear the great stories of businesses you support, it proves that you’ve got a formula that works. That is, financing small business to grow in the short to medium term – and that is exciting,” said Minister Barilaro.

Speaking on behalf of Prospa, Joint-CEO Beau Bertoli revealed that Prospa has gone from $0 to $150 million in loan originations in four years and the new office was the their sixth since 2011.

“When we first started the challenge was convincing people to work for us, now it’s finding space to accommodate the team.”

“Greg and I are very proud to lead the country’s fastest growing technology company. In a short space of time, we have cemented ourselves as the leading force within Australia’s alternative finance sector,” Bertoli said.

Bertoli along with Joint CEO Greg Moshal thanked all staff, partners and the small business community that Prospa serves.

No more missing opportunities or scraping through, Prospa can help you access funds for growth opportunities and cash flow support in a fraction of the time and without all the fuss. Find out more. 

Primary CTA illustration
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.
Apply today
Primary CTA icon
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.

The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa. Any links to third party websites are strictly for informational purposes only. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information as at the date of publication, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information for any reason, including due to the passage of time, or any loss or damage suffered by any person directly or indirectly through relying on this information.

Keep reading

Helping young people learn STREAT smarts

28 July 2021 | 4 min read

Bec Scott’s social enterprise STREAT has grown from one street food cart to provide 240,000+ hours of support and training to 3,100 young people. Here’s how.

View more

Grow, baby, grow: starting a business while on maternity leave

28 June 2021 | 7 min read

Kicking off a new business with a new bub in tow? Not for the faint of heart. Fortunately, these four mothers and small business owners are anything but.

View more

The small business resilience project: productising for profit

21 June 2021 | 6 min read

Three small business owners share their advice on how to reach new customers, expand revenue streams and build business resilience by productising services.

View more

Subscribe to the Prospa Blog

Be inspired! Sign up to Prospa’s newsletter to receive tips, tools and small business success stories straight to your inbox.