So whether your small business is currently set to ‘survive’ or ‘thrive’ mode, apply for a business loan today and watch your company prosper with Prospa.
Supporting business diversity in the face of financial adversity
The owners of a successful boutique hotel in New Zealand decided to establish a beautiful Asian seafood restaurant in Queensland.
Faced with some day-to-day challenges, they sought help from a lender that understood not only the challenges of small business ownership, but also the difficulties of surviving in a regional economy.
Thanks to a Prospa business loan, they got the support they needed to establish Beach Almond Restaurant and better manage seasonal cash flow fluctuations. While they had never anticipated going into the restaurant business, they recognised the potential their chosen FNQ property offered for a fresh, seasonal dining experience while also supporting the local seafood trade.
With the help of Prospa’s flexible business funding solutions, they’ve now turned their entrepreneurial dreams into reality, happily serving their growing customer base.
Simple, Smart, Small Business Borrowing
The Prospa Small Business Loan has been designed with our customers in mind.
We know many small business owners don’t have time to waste on lengthy or complex applications – especially if you’re experiencing financial stress. We also know you need flexible repayment options and simple, sophisticated, easy-to-use tools to manage your money on the move.
That’s why we offer:
- Small business loans between $5,000 to $150,000
- No upfront asset security required to access up to $150,000 of Prospa funding
- Funding possible within 24 hours
- Fixed loan terms between 3 to 24 months
- Flexible payment conditions and early payout discounts
- Competitive business loan interest rates tailored to your business
- 24/7 access to your account via the Prospa mobile app and customer portal
To find out what smart business borrowing can do for you, apply now.
What can I use my Prospa small business loan for?
You can use your Prospa business borrowing for a wide range of purposes related to your business.
Some customers choose to take out a small business loan to renovate their premises, repair or purchase new equipment, or grow their business to reach new audiences by funding marketing campaigns or building a new website.
Others use their Prospa funds to pay staff or suppliers if a client or customer is late paying their invoice. Whatever your needs, a Prospa small business loan can help you cover unexpected – or expected – expenses with ease.
How do I qualify for Prospa Business Borrowing?
To be eligible to borrow business funding from Prospa, you’ll need:
- an active ABN/ACN and a business bank account
- to demonstrate that your monthly turnover is greater than $5,000
- to provide us with a minimum of six months of trading history.
Handy hint: as part of the application process, we’ll also need to verify your identity, so make sure you’ve got your driver’s licence handy when you start your application.