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Hospitality

All ⁹
Small business inspiration ³
Growing your business ²
Day to day hustle ²
Manage your finances ¹
Operating your business ¹

04 Apr 2023

Day to day hustle
Credit cards
Hospitality
Loyalty
POS
Retail

How to choose a POS system

04 Apr 2023

22 Jul 2022

Growing your business
Manage your finances
Small business inspiration
Cash flow
Customer story
Customer success story
Hospitality
Small business growth
Small business loan
Video

Smokin Hot ‘N Saucy Barbecue and its expansion was thrown a lifeline by Prospa

22 Jul 2022

15 Jul 2022

Operating your business
Customer success story
Hospitality
Small business growth
Small business loan
Video

How Prospa helped a family restaurant chain through challenging times

15 Jul 2022

25 Oct 2021

Day to day hustle
Growing your business
End-of-year
Hospitality
Lockdown restrictions

Goodbye lockdown, hello summer: how hospitality is preparing for end-of-year

25 Oct 2021

05 Dec 2019

Small business inspiration
Cash flow
Customer story
Franchise
Hospitality
Line of credit
Small business loan

Customer success story: SpudBar QV

05 Dec 2019

28 Aug 2019

Small business inspiration
Diversify
Hospitality
New product
Small business loan
Video

Customer success story: Beach Almond Restaurant

28 Aug 2019

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

Business Loan Plus
Small Business Loans
Line of Credit

Select Product #2

Business Loan Plus
Small Business Loans
Line of Credit

Best for when you need

Funds for bigger plans

Fast access to funds

To build cash flow confidence

Funds for bigger plans

Fast access to funds

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

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 $150K to $500K

From $5K to $150K

From $2K to $500K

From $150K to $500K

From $5K to $150K

From $2K to $500K

Loan term

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

2 years, with option to renew

Interest

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

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 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

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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Categories

Content types

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Partner blog

Inside Prospa

Hospitality

How to choose a POS system

Smokin Hot ‘N Saucy Barbecue and its expansion was thrown a lifeline by Prospa

How Prospa helped a family restaurant chain through challenging times

Goodbye lockdown, hello summer: how hospitality is preparing for end-of-year

Customer success story: SpudBar QV

Customer success story: Beach Almond Restaurant

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit