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Mental health

All ⁹
Growing your business ⁸
Manage your finances ¹

07 Jan 2021

Growing your business
Mental health
Productivity
Work/life balance

How to create healthy work/life boundaries as a small business owner

07 Jan 2021

04 Dec 2020

Growing your business
Customer experience
Eoy
Expansion
Marketing
Mental health
Planning

5 ways to use the EOY downtime to your advantage

04 Dec 2020

07 Oct 2020

2020 Federal Budget: What small businesses need to know | Prospa

Manage your finances
Bankruptcy
Employment
Federal budget
Finance
Instant asset write-off scheme
Mental health
Tax cuts

2020 Federal Budget: The expected wins for small business

07 Oct 2020

17 Aug 2020

Growing your business
Mental health
Productivity
Wellbeing
Work from home

Tips for running a small business from home

17 Aug 2020

11 Aug 2020

Small business journey: Rebeka Morgan, BuildHer Collective | Prospa

Growing your business
Business lifecycle
Business partner
I wish someone had told me that
Marketing
Mental health

I wish someone had told me that… Rebeka Morgan, BuildHer Collective

11 Aug 2020

23 Jul 2020

Growing your business
COVID-19
Mental health
Resilience

How to remain resilient amid uncertainty

23 Jul 2020

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

Mental health

How to create healthy work/life boundaries as a small business owner

5 ways to use the EOY downtime to your advantage

2020 Federal Budget: The expected wins for small business

Tips for running a small business from home

I wish someone had told me that… Rebeka Morgan, BuildHer Collective

How to remain resilient amid uncertainty

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit