Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
Larger loans of $150K – $500K to invest in your next business growth opportunity.
Ongoing access to up to $150K to keep your business moving.
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11 August 2020 | 5 min read
Growing a business is no easy feat, but the rewards far outweigh the challenges, says this small business owner. She shares what she’s learnt along the way.
View more02 July 2020 | 4 min read
Quick access to finance allowed commercial tiling business, On Time Developments, to say ‘yes’ to growth opportunities that presented during COVID-19.
View more13 September 2021 | 6 min read
Small business growth isn’t always straightforward. Plumber Anders Bence shares his winding path from apprentice to small business owner.
View more“We needed a back-up plan to keep things running with the business and to help pay suppliers while we dealt with an insurance claim. The line of credit helped us out in our time of need.”
Frank Malone
Karinya Diesel Services, QLD
Things you should know: No repayment period available to approved customers who settle a new or refinanced Prospa Small Business Loan or Prospa Plus Business Loan. Approved customers can elect to take an optional initial no repayment period of between 1 to 4 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 4 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Not available to refinance an existing Prospa loan that is within a no repayment period at the time of application. Product settings may be amended or withdrawn without notice.