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Instant asset write-off

All ¹⁶
Manage your finances ¹³
Growing your business ²
Day to day hustle ¹

07 Jul 2023

Growing your business
Grants and allowances
Instant asset write-off
Rebates and subsidies
Small business accountant

Small business rebates and subsidies

07 Jul 2023

15 May 2023

Manage your finances
End of financial year
Eofy
Finance
Instant asset write-off
Small business tax
Temporary full expensing

EOFY tax deductions for small businesses

15 May 2023

26 Nov 2020

Big, bold small business moves in 2020 | Prospa

Growing your business
COVID-19
Expansion
Instant asset write-off
Investment

Big, bold moves small business owners have made in 2020

26 Nov 2020

21 Oct 2020

Manage your finances
Cash flow
Equipment
Finance
Infographic
Instant asset write-off
Small business assets
Tax

Infographic: The new temporary full expensing scheme explained

21 Oct 2020

10 Aug 2020

Manage your finances
Cash flow
Infographic
Instant asset write-off
Small business assets
Tax

Infographic: Is your business eligible for the $150k instant asset write-off?

10 Aug 2020

03 Dec 2019

Day to day hustle
Eoy
Infographic
Instant asset write-off
Invest
Small business tools

Infographic: Small business investments for your wish list

03 Dec 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

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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Categories

Content types

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Partner blog

Inside Prospa

Instant asset write-off

Small business rebates and subsidies

EOFY tax deductions for small businesses

Big, bold moves small business owners have made in 2020

Infographic: The new temporary full expensing scheme explained

Infographic: Is your business eligible for the $150k instant asset write-off?

Infographic: Small business investments for your wish list

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit