Business Loans
Prospa is Australia’s #1 home for business finance. Business loans Hobart for local businesses across Tasmania have helped thousands of Aussies with critical finance options which remain flexible and client focused. Our quick application process takes place entirely online without unnecessary paperwork or and hassle. Offering approval within the hour and funds 24hrs later, Prospa remains Australian businesses favourite lender with a 4.8/5 TrustScore.
We have assisted thousands of local businesses get started on a range of critical business developments. We have funded over $1.65 billion to more than 29,400 Australian businesses and as an award winning market leader we could help you with friendly local business loans Hobart today.
How could business loans in Hobart help you to succeed? No matter what business you’re growing, Prospa is here to help.
- Retail
- Hospitality
- Professional and consultancy services
- Health practices
- Wholesalers
- Trades
- Hair & Beauty specialists
- Franchises
Unlike the big banks and lenders, we are always looking out for the small and local Aussies businesses. Prospa is here to help you prosper. We want to ensure that you receive the funds you need to grow your business without the hassle, headache and paperwork. Start your application today or call to speak to one of consultants about what sort of options you might have to work with.
Our short term loans are available for 3 – 36 months and start at just $5K. Our application time takes just 10 minutes to complete. You could have the funds in 24 hours.
Small Business
Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
- Fixed term up to 3 years with fixed rates
- Fast decision & funding possible in 24 hours
- No asset security required upfront to access Prospa funding up to $150K
- Minimum $6K monthly turnover and 6 months trading to apply
Business Loan
Plus
Larger loans above $150K and up to $500K to invest in your next business growth opportunity.
- Fixed term up to 5 years with fixed rates
- No credit checks to see if you are eligible
- Security may be required when accessing over $150K in Prospa funding
- Minimum $1M annual turnover and 3 years trading to apply
Line of Credit
Ongoing access to up to $500K to keep your business moving.
- Renewable 24 month term
- Fast decision and funding possible in 24 hours
- Only pay interest on what you use
- Access funds 24/7 with the Mobile App
- Minimum $6K monthly turnover and minimum 2 years trading history to apply
Choice
Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours.
Support
Confidence
Awards, thanks to your support
It's nice to know we're doing something right
| Year | Award | Category |
|---|---|---|
| 2024 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, Best short-term loan |
| 2024 | FINNIES Fintech Australia Awards | Finalist, Excellence in Business Lending |
| 2024 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, Best SME loans less than $250K |
| 2024 | Great Place to Work | Recognised as one of the Top 10 Best Workplaces in Technology |
| 2024 | Work180 | Recognised by WORK180 as one of Australia’s top 101 workplaces for women |
