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Line of credit

All ²⁴
Small business inspiration ¹²
Manage your finances ⁸
Growing your business ⁴

14 Apr 2023

Manage your finances
Finance
Inflation
Line of credit
Shipping costs
Small business owners

How to choose a pricing model

14 Apr 2023

27 Mar 2023

Growing your business
Line of credit
Same day delivery
SEO
Small business loan
Small business owners
Sustainability

Growth tips from five small businesses

27 Mar 2023

28 Feb 2023

Small business inspiration
Customer story
Customer success story
Line of credit
Small business growth
Video

Meet the entrepreneur bringing branding to small businesses

28 Feb 2023

30 Jan 2023

Manage your finances
Finance
Line of credit
Small business loan

Lessons on growth from two small businesses

30 Jan 2023

10 Nov 2022

Small business inspiration
Customer story
Customer success story
Line of credit
Small business growth
Video

Meet the entrepreneur providing space for creatives to flourish

10 Nov 2022

23 Sep 2022

Manage your finances
Small business inspiration
Cash flow
Customer story
Customer success story
Line of credit
Small business growth
Small business loan
Video

How this accountant is growing his practice by targeting niche markets

23 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

Line of Credit
Business Loan Plus
Small Business Loans

Select Product #2

Line of Credit
Business Loan Plus
Small Business Loans

Best for when you need

To build cash flow confidence

Funds for bigger plans

Fast access to funds

To build cash flow confidence

Funds for bigger plans

Fast access to funds

Eligibility

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

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

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 $2K to $500K

From $150K to $500K

From $5K to $150K

From $2K to $500K

From $150K to $500K

From $5K to $150K

Loan term

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

Both products are Up to 5 years

Both products are Up to 3 years

Interest

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.

Fixed interest rate

Both products do not require Asset security Fixed interest rate

Payments structure

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

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

Repayment frequency

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%

Both products can be repaid Weekly

Online access

Both products can be accessed through the Prospa App and Prospa Online

Dedicated lending specialist

Yes

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Visa debit card

Dedicated lending specialist not available No

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Line of credit

How to choose a pricing model

Growth tips from five small businesses

Meet the entrepreneur bringing branding to small businesses

Lessons on growth from two small businesses

Meet the entrepreneur providing space for creatives to flourish

How this accountant is growing his practice by targeting niche markets

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit