Company Loan

Wondering how you might be able to use a company loan to increase your financial or working capital or help with your cash flow management? Prospa small business loans can provide maximum financial impact for your business through minimal effort.

We understand business owners don’t have time to fill out long forms. Our streamlined application process takes as little as 10 minutes to complete, and you can do it all online. It is possible to receive a decision within 24 hours and, if approved, you could have the funds deposited into your business account the same day.

Learn more about how our small business loans might benefit your business and see how much you might be able to borrow today.

Smart, flexible finance

When it comes to company lending, Prospa is one of the most highly regarded lenders in the business – as voted by both our peers and customers. Our award winning loans are rated 4.9 out of 5 stars from over 6,600 verified Trustpilot reviews from happy business owners – many are repeat Prospa customers.

Our commitment to understanding the individual needs and circumstances of our corporate loan customers is what sets us apart. When it comes to our business loan services, we consult and we listen. That’s why our application process is so simple – to save you valuable time. Our repayment schedules are flexible because we understand that sometimes, things just don’t go the way you planned. And we even reward our customers with incentives like early payout discounts. We want our money to work for your business – not the other way around.

You can learn more about our small business loans and how they could help your business grow here.

Food for thought

If a business opportunity you just can’t pass up comes your way, you want a lender like Prospa on your side.

When the owner of WA small business Happy Days Coffee Pot needed funds to set up a second café location, he wanted a lender with a quick turnaround time.  When he applied for a company loan with Prospa, our hassle-free process enabled him to get the necessary funds to secure and renovate the premises quickly and easily.

As a result, business at his second venue (now called 2 Days Café) has increased 300% since opening. Now, he gets to focus on his favourite things: pleasing customers and doing a job well.

Prospa Small Business Loans

Our small business loans offer fast, flexible finance. We understand that every business is different, which is why when you apply for a company loan with Prospa, we’ll tailor it to your individual circumstances through features like:

  • Fast decision-making and funding possible in 24 hours
  • No asset security required upfront to access Prospa funding up to $150,000
  • Flexible loan terms between 3 and 24 months
  • Early payout discounts
  • Business loan interest rates based on your business circumstances
  • Fixed daily or weekly repayments
  • 24/7 access to your account via the Prospa mobile app and customer portal

To access our flexible funding and find out how much you might be able to borrow, apply now or talk to a business lending specialist today on 1300 653 742.

What can I use my company loan for?

Every business is different, and there are many reasons a business owner might want to take out a company loan. You might be struggling to recover from a tough couple of months and want to make sure your overheads are covered. Or perhaps you’re bursting with ideas and ready for a rebrand. Maybe you just need to get a loan and increase your financial capital in order to purchase some new equipment and increase your operational capacity. Whatever the reason, a Prospa small business loan may be just the thing to help you meet your goals.

Company Loan Eligibility Criteria

We’re proud to be taking a faster, easier approach to business lending.

To be eligible to borrow a company loan from Prospa, you’ll need to:

  • be an Australian citizen or permanent resident for tax purposes
  • have an active ABN/ACN
  • have a business bank account
  • be able to demonstrate that your monthly turnover is greater than $5,000, and provide us with a minimum six months of trading history (or three months if you’ve purchased an existing business).

We’ll also need to formally verify you as the applicant, so make sure you’ve got a valid Australian government-issued ID handy when you begin your application.

Talk to Australia’s #1 online lender to small business

No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.

We’re Australia’s #1 online lender to small business.

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Flexibility

Fast application and decision, and funding possible in 24 hours on flexible options up to $500,000.

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Support

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

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Confidence

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

Or call us at 1300 882 867. Our team is available to support you.

FAQs

Prospa business loans are simple. When you apply for one of our loans, you’ll be able to nominate your preferred loan amount, as well as the repayment period and frequency. Because we believe in responsible lending, you’ll also know exactly what fees and charges will be applied to your company loan before you sign.

You can use our free online business loan repayment calculator to get an idea of what repayments might look like on a variety of small business loans over different lending periods and payment frequencies. This can help you make an informed decision before you submit your application, and potentially improve your chances of success with your loan application.

It’s important to know that applying for a company loan will be recorded on your credit file, whether or not you’re successful. Multiple loan applications within a short period of time can affect your credit score, as will any defaults – or missing payments – on your loan.

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