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Guide

All ¹²
Manage your finances ⁶
Growing your business ⁴
Day to day hustle ¹
Operating your business ¹

30 Jan 2024

Manage your finances
Business planning
Cash flow management
Guide
Invoicing
Payment Times Reporting Act
Small business legislation

Explained: Updates to small business payment times legislation

30 Jan 2024

19 Jan 2024

Manage your finances
Finance
Financial management
Guide
Prospa Business Account

5 tips to master business finances with a dedicated account

19 Jan 2024

15 Dec 2023

Day to day hustle
Guide
Marketing
Small business marketing
Social video

7 tips for social media marketing success

15 Dec 2023

20 Oct 2023

Manage your finances
Cash flow
Cash flow forecast
Cash flow management tools
Guide
Profit and loss projection

Your essential guide to cash flow management

20 Oct 2023

18 Aug 2023

Operating your business
Guide

How to strengthen your cybersecurity

18 Aug 2023

05 Sep 2022

Manage your finances
Cash flow
Cash flow management
Finance
Guide
Remuneration strategy
Remuneration structure

A small business guide to remuneration structures

05 Sep 2022

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

3 years 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

3 years 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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Call us on 1300 882 867

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Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 1300 882 867

We’ve received your details.

We’ll be in touch soon. In the meantime, get a head start with a few business questions.

Contact information

Business Details

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Last name ^{*required field}

Phone number ^{*required field}

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Search by ABN, ACN or legal trading name:

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How will you use the funds? ^{*required field}

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Guide

Explained: Updates to small business payment times legislation

5 tips to master business finances with a dedicated account

7 tips for social media marketing success

Your essential guide to cash flow management

How to strengthen your cybersecurity

A small business guide to remuneration structures

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit