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Small business

All ¹⁵
Manage your finances ⁷
Growing your business ⁵
Operating your business ²
Day to day hustle ¹

12 May 2021

Business owners standing outside brewery

Manage your finances
Finance
Small business
Small businesses
Superannuation
Tax breaks
Temporary full expensing

Federal Budget 2021: 7 key take-outs for small businesses

12 May 2021

14 Jun 2019

8 things to discuss with your accountant at EOFY| Prospa

Manage your finances
Accountant
Cash flow
End of financial year
Small business
Tax tips

Video: It’s tax time – don’t forget to discuss these 8 things with your accountant

14 Jun 2019

28 Feb 2019

Manage your finances
Business loans
Finance
Small business

What the Royal Commission means for Australian small businesses

28 Feb 2019

15 Nov 2018

Manage your finances
Eoy
Finance
Small business

Uncovering EOY opportunities for retail, trade and hospitality businesses

15 Nov 2018

02 May 2018

Manage your finances
Dictionary
Finance
Financial
Small business

The essential small business financial dictionary

02 May 2018

Growing your business
Growth
Investing
Small business

9 investments to make your small business grow

02 May 2018

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

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Small business

Federal Budget 2021: 7 key take-outs for small businesses

Video: It’s tax time – don’t forget to discuss these 8 things with your accountant

What the Royal Commission means for Australian small businesses

Uncovering EOY opportunities for retail, trade and hospitality businesses

The essential small business financial dictionary

9 investments to make your small business grow

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit