Business Loan Hobart

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.

Compare products

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
Learn more about Small Business Loan
Apply now

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
Learn more about Business Loan Plus
Apply now

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 6 months trading to apply
Learn more about Business Line of Credit
Apply now

Choice

Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours.

Support

A dedicated Business Lending Specialist will get to know you and your business and provide a personalised solution.

Confidence

Join thousands of Aussie small businesses who thrive with the support of Australia’s #1 online lender to small business.
Trustpilot

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

See more awards