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Prospa

All ⁶
Growing your business ⁴
Manage your finances ²

22 Dec 2023

Growing your business
Hiring and recruitment
Leadership
Prospa
Small business culture

Employees share why they love working for Prospa

22 Dec 2023

19 Mar 2019

Manage your finances
Finance
Prospa

Prospa hits $1 billion in loans to Aussie small business owners

19 Mar 2019

11 Sep 2018

Growing your business
Culture
Prospa
Staff

Why people join Prospa and why they love working here

11 Sep 2018

29 Jun 2018

Manage your finances
Code of practice
Finance
Prospa

Prospa supports Code of Small Business Lending Practices

29 Jun 2018

21 Jun 2017

Growing your business
Prospa

Prospa appoints Damon Pezaro ex Domain as Chief Product Officer

21 Jun 2017

26 May 2016

The Hon John Barilaro, MP Minister for Small Business breaks down the barriers for small business finance

Growing your business
Prospa

New office marks next phase of growth for Prospa

26 May 2016

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

Small Business Loans

Small Business Loans
Business Loan Plus
Line of Credit

Line of Credit

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

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Partner blog

Inside Prospa

Prospa

Employees share why they love working for Prospa

Prospa hits $1 billion in loans to Aussie small business owners

Why people join Prospa and why they love working here

Prospa supports Code of Small Business Lending Practices

Prospa appoints Damon Pezaro ex Domain as Chief Product Officer

New office marks next phase of growth for Prospa

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit