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COVID-19

All ²⁵
Manage your finances ⁹
Day to day hustle ⁸
Growing your business ⁷
Operating your business ¹

22 Feb 2021

How to prepare for the end of JobKeeper | Prospa

Operating your business
Accounts receivable
COVID-19
Forecast
Government subsidies

5 ways to prepare your business for the end of JobKeeper

22 Feb 2021

07 Dec 2020

Manage your finances
COVID-19
Finance
Grants
Small business support
State budgets

How is your state supporting small business recovery?

07 Dec 2020

26 Nov 2020

Big, bold small business moves in 2020 | Prospa

Growing your business
COVID-19
Expansion
Instant asset write-off
Investment

Big, bold moves small business owners have made in 2020

26 Nov 2020

17 Nov 2020

Day to day hustle
Consumer behaviour
COVID-19
Marketing
Online
Products
Technology
Trends

How to use the cocooning trend to your advantage

17 Nov 2020

10 Nov 2020

Manage your finances
Capital
Cash flow
COVID-19
Finance
Growth
Line of credit
Small business loan

Small business loan vs line of credit

10 Nov 2020

02 Nov 2020

Small business marketing in 2021 | Prospa

Growing your business
Advertising
Brand
COVID-19
Guide
Investments
Marketing
PR
Social media

A guide to small business marketing during the coronavirus recession

02 Nov 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

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

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

Both products can be repaid Weekly

Online access

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

Dedicated lending specialist

Yes

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Inside Prospa

COVID-19

5 ways to prepare your business for the end of JobKeeper

How is your state supporting small business recovery?

Big, bold moves small business owners have made in 2020

How to use the cocooning trend to your advantage

Small business loan vs line of credit

A guide to small business marketing during the coronavirus recession

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit