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I wish someone had told me that

All ¹⁵
Growing your business ¹⁴
Day to day hustle ¹

18 Jul 2023

Day to day hustle
I wish someone had told me that
Small business growth
Small business innovation

“I wish someone had told me that”: Rachel Power

18 Jul 2023

23 Feb 2023

Growing your business
I wish someone had told me that
Small business growth
Small business owners

“I wish someone had told me that”: Adam Stewart, Digital Bond Marketing

23 Feb 2023

22 Mar 2022

Growing your business
Budget
Business roadmap
Forecast
I wish someone had told me that
Revenue stream

“I wish someone had told me that”: Steve Timmis, Fossey’s Gin

22 Mar 2022

30 Dec 2021

Growing your business
Fashion
I wish someone had told me that
Online shopping
Regional business

“I wish someone had told me that”: Robyn Robertson, Red Chair Boutique

30 Dec 2021

28 Oct 2021

Growing your business
I wish someone had told me that

“I wish someone had told me that”: Sean McElvogue, Art Van Go

28 Oct 2021

13 Sep 2021

Growing your business
I wish someone had told me that
Plumbing
Quoting

“I wish someone had told me that”: Anders Bence, Hydraflow Plumbing

13 Sep 2021

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

I wish someone had told me that

“I wish someone had told me that”: Rachel Power

“I wish someone had told me that”: Adam Stewart, Digital Bond Marketing

“I wish someone had told me that”: Steve Timmis, Fossey’s Gin

“I wish someone had told me that”: Robyn Robertson, Red Chair Boutique

“I wish someone had told me that”: Sean McElvogue, Art Van Go

“I wish someone had told me that”: Anders Bence, Hydraflow Plumbing

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit