Business Finance Loan

Our friendly and dedicated customer service team take the time to understand your business and help you find a funding solution that best suits your business needs. We offer a hassle-free and fast application process that can be completed in as little as 10 minutes without any confusing jargon. Our decision-making process is also quick, with funding possible in just 24 hours.

You’ll also benefit from a fixed weekly repayment schedule. Plus there are benefits to paying the loan out early.

When you apply for a hassle-free business finance loan from Prospa, you’re joining our growing list of small businesses across Australia that have benefited from our support. Contact us to find out more about accessing funding between $5K and $500K.

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We provide loans that help small businesses thrive. We also create tools and support that help you run your business – just like this list of 6 podcasts business owners are listening to now (+2 they should be). These podcasts cover everything from how-to guides on business strategies to practical marketing tips and more. Listen now and be inspired! For more helpful articles, check out our blog.

Match your business needs with one of our flexible small business loans up to $500K You can choose from two business loans:

• The Prospa Small Business Loan is great for one-off purchases and gives you access to $5K–$150K with terms up to 36 months. (Plus, there’s no upfront asset security required to access up to $150K of Prospa funding.)
• The Prospa Plus Business Loan offers between $150K and $500K, perfect for growing your business.

As an alternative to a business loan, we also offer a business line of credit with limits up to $150K. It’s like having funds on hand when you need them to support day-to-day business cash flow.

Our flexible funding solutions are available to support a wide range of different business needs. With our fast decision-making process, funding may be possible in 24 hours.

There are many ways your small business could benefit from a business finance loan. Use your loan to purchase equipment, diversify your offerings or enter a new market. Whether you need a short-term or long-term loan between $5K and $500K, our business lending specialists can help you find the best business loan for your needs. Extra funds could be just what you need to allow your business to thrive.

To qualify for a Prospa business finance loan, applicants must be

• either an Australian citizen or a permanent resident;
• over 18 years old; and
• and have a valid ABN/ACN.

To apply for business loans up to $150K, you’ll need a minimum $6K monthly turnover and minimum trading history periods apply. For larger loans of $150K–$500K, you’ll need a minimum annual turnover of $1M and 3 years trading. We’ll also look at the creditworthiness of your business before issuing a loan.