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Growing your business ⁴
Day to day hustle ³
Small business inspiration ¹

08 Feb 2021

Making the most of Instagram marketing | Prospa

Growing your business
Community
Marketing
Partnerships
Promotion
Social media

How to make your business Insta-worthy

08 Feb 2021

18 Jan 2021

Day to day hustle
Community
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Infographic
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Infographic: 2021's small business trends

18 Jan 2021

26 Nov 2020

Small business inspiration
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How this automotive business drove 60% growth in 2020

26 Nov 2020

14 Oct 2020

Growing your business
Business partner
Community
Diversification
I wish someone had told me that
Marketing
Social media

I wish someone had told me that… Danny Crichton, Lucky Bat Cafe & Pizzeria

14 Oct 2020

09 Sep 2020

Growing a small business alongside a family | Prospa

Growing your business
Business lifecycle
Community
I wish someone had told me that
Lessons
Work/life balance

I wish someone had told me that… Sam Baker, Rabble Books and Games

09 Sep 2020

04 Aug 2020

What these Aussie small businesses are learning from the pandemic | Prospa

Day to day hustle
Community
COVID-19
Crisis management
Online

Lessons small business owners are taking from the pandemic

04 Aug 2020

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. 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

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

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

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 are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

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

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

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How to make your business Insta-worthy

Infographic: 2021's small business trends

How this automotive business drove 60% growth in 2020

I wish someone had told me that… Danny Crichton, Lucky Bat Cafe & Pizzeria

I wish someone had told me that… Sam Baker, Rabble Books and Games

Lessons small business owners are taking from the pandemic

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit