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Federal budget

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Manage your finances ⁶

31 Oct 2022

Manage your finances
Disaster funding
Federal budget
Finance
Paid parental leave
Skilled migration
Vocational training
Workplace relations

What’s in the new Federal Budget for small businesses?

31 Oct 2022

16 May 2022

Manage your finances
Digital assets
Digital technology
Federal budget
Finance

Digital asset tax break: How one small business is making the most of it

16 May 2022

31 Mar 2022

Manage your finances
Apprentices
Digital technology
Federal budget
Finance
Paid parental leave
Wage subsidies

Federal Budget 2022: 9 key take-outs for small businesses

31 Mar 2022

07 Oct 2020

2020 Federal Budget: What small businesses need to know | Prospa

Manage your finances
Bankruptcy
Employment
Federal budget
Finance
Instant asset write-off scheme
Mental health
Tax cuts

2020 Federal Budget: The expected wins for small business

07 Oct 2020

04 Apr 2019

What the 2019 Federal Budget means for small businesses

Manage your finances
Australian business securitisation fund
Federal budget
Finance
Instant asset write-off
Small business tax cuts

2019 Federal Budget: The key take-outs for small business

04 Apr 2019

10 May 2017

How the 2017 budget will impact small business owners

Manage your finances
Federal budget
Finance
Instant asset write-off

Budget 2017: Better days ahead but little for small business to shout about

10 May 2017

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

Apply nowRead more

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Inside Prospa

Federal budget

What’s in the new Federal Budget for small businesses?

Digital asset tax break: How one small business is making the most of it

Federal Budget 2022: 9 key take-outs for small businesses

2020 Federal Budget: The expected wins for small business

2019 Federal Budget: The key take-outs for small business

Budget 2017: Better days ahead but little for small business to shout about

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit