Business Lending

The main difference between Prospa and other funding providers is how we make funds for small businesses more accessible. Our goal is to make loan applications and approvals as simple as possible, so you spend less time on paperwork and more time realising your business dreams.

We understand what it’s like to run a business and all the challenges small business owners face every day. Our business lending specialists assess each case to ensure the finance we offer meets your needs. As Australia’s #1 online lender to small businesses, we are a multi-award winning, high-growth company with over 6,600 Trustpilot reviews from our customers.

Where other lenders turned them away, Prospa’s solutions helped their business soar to new heights without compromising on their business model. Stoned Crystals used the funding to pay for inventory acquisition, attend trade shows and expand the team to meet growing demand. All without relying on any external investors or spending time on unnecessary paperwork.

Where are they now? Stoned Crystals is one of the top 100 fastest growing companies in Australia.

• Easy online application process with funding possible within 24 hours
• A lump sum amount between $5,000 and $150,000
• No asset security required upfront to access up to $150,000 of Prospa funding
• Loan interest rates based on your business circumstances
• Fixed loan term from 3 to 36 months
• Fixed daily or weekly repayments
• Early payout discount available

We can help you access funds for your business with a simple application process and fast decision-making. Apply online now at Prospa or call us on 1300 653 742 to have a chat with our business lending specialists.

Maybe you’ve experienced an unexpected expense or are looking to upgrade equipment or refresh your premises – this is where business lenders like Prospa can help you.

You can use a business loan for a wide range of purposes, including to:

• Grow your business offerings
• Buy in bulk and upfront to save money
• Invest in new or upgraded machinery and equipment
• Provide coverage for any expected delays in invoices
• Manage staff and supplier payments during lulls
• Improve your digital infrastructure
• Renovate or refurbish your property
• Promote your business through marketing

To be eligible to apply for a small business loan you must:

• Be an Australian citizen or permanent resident
• Be over the age of 18 years
• Own an Australian business with a valid ABN/ACN
• Minimum trading history with a minimum monthly turnover of $6K

Loans under $150,000 will require a driver’s licence and BSB and account number.

For loans above $150,000, some additional documents required for business loans such as basic business details like monthly sales, trading time and proof documents wmay be required.Should there be further requirements, our business lending specialists will be in touch with you.