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I wish someone had told me that

All ¹⁵
Growing your business ¹⁴
Day to day hustle ¹

25 Aug 2021

Growing your business
Business plan
I wish someone had told me that

“I wish someone had told me that”: Brendan Small, SpotGo

25 Aug 2021

31 May 2021

Accountant
I wish someone had told me that
Small business

“I wish someone had told me that”: Melanice Jacobsen, Cha Cha Chocolate

31 May 2021

23 Apr 2021

Growing your business
Challenges
Digital marketing
Fashion
I wish someone had told me that
Retail

“I wish someone had told me that”: Mary Read, Reads of Woollahra

23 Apr 2021

31 Mar 2021

Growing your business
I wish someone had told me that
Social media
Technology

“I wish someone had told me that”: Renae Kunda, Cape York Motorcycle Adventures

31 Mar 2021

16 Feb 2021

TikTok got this business out of a sticky situation | Prospa

Growing your business
I wish someone had told me that
Marketing
Promotions
Social media
Tiktok

I wish someone had told me that… David King, Sticky

16 Feb 2021

29 Jan 2021

Growing your business
Co-owner
Distribution
Family business
I wish someone had told me that
Planning

I wish someone had told me that… Ben Pyka, 41 Degrees South

29 Jan 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

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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I wish someone had told me that

“I wish someone had told me that”: Brendan Small, SpotGo

“I wish someone had told me that”: Melanice Jacobsen, Cha Cha Chocolate

“I wish someone had told me that”: Mary Read, Reads of Woollahra

“I wish someone had told me that”: Renae Kunda, Cape York Motorcycle Adventures

I wish someone had told me that… David King, Sticky

I wish someone had told me that… Ben Pyka, 41 Degrees South

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit