Flexibility
Fast application and decision, and funding possible in 24 hours on flexible options up to $500K.
Support
Locally focused BDMs backed by a team of dedicated Business Lending Specialists who get to know your client’s business.
Confidence
FAQs
FAQs
Business borrowing is the process of lending money to grow or run a business. At Prospa, we’ve made business borrowing easy. Whether you’re looking to finance your business’ future or simply need to cover a few gaps in your invoices, Prospa offers flexible business lending solutions for Aussie businesses of all sizes and situations.
To learn more about our business loans, you can talk to a business lending specialist and find the perfect solution for your business today.
There are a few factors that will determine how much you can borrow in a Prospa small business loan, and what interest rate you get. These factors may include:
- your business’ monthly turnover;
- how long you’ve been in business;
- your current assets and liabilities; and
- the overall ‘health’ or creditworthiness of your business.
We understand that borrowing from traditional banks can sometimes be difficult, but at Prospa, we recognise that every business is different. That’s why our small business loans don’t require asset security to access funding up to $150,000, and we give you the choice of the loan term and how regularly you’d like to repay your business loan funds, fees and charges.
Prospa is proud to deliver a faster, easier approach to business borrowing. That’s why the documents required for a business loan with us are minimal. All you’ll need to apply for one of our small business loans is:
- your ABN/ACN;
- your business bank account details;
- a minimum of six months of trading history; and
- a government-issued ID, such as driver’s licence.
It’ll take less than ten minutes to apply, and you may have access to your funds within 24 hours if approved. Easy!
Other questions?
Awards, thanks to you
It’s nice to know we’re doing something right
Year | Award | Category |
---|---|---|
2023 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, SME under $250K Loan of Choice |
2023 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, SME over $250K Loan of Choice |
2023 | Contact Centre Magazine | Winner, Top 100 Influencers in the Contact Centre Industry |
2023 | MFAA State Excellence Awards | Finalist, Business Development Manager Award – Lender & Support Service Provider |
2023 | LinkedIn Talent Awards | Winner, Best Employer Brand |