Keep your business moving with Small Business Loans from Prospa
We have been helping small businesses in Australia for years by providing quick and easy access to business loans. With more than $1.65 billion lent to over 29,400 businesses around the country so far, Prospa is trusted by small business owners and is Australia’s #1 online lender to small business on TrustPilot.
More than just a lender, we support business owners through the ups and downs of business, help them find the best way to finance equipment, provide short-term assistance for cash flow challenges, and offer dedicated one-on-one support to help Aussies businesses thrive.
Small Business
Loan
Quick access to $5K – $500K to cover unexpected expenses or a one-off purchase.
- Fixed term up to 5 years with fixed rates
- Fast decision & funding possible in 24 hours
- No upfront security required to access Prospa funding up to $150K
- Minimum $6K monthly turnover and 6 months trading to apply
Business Loan
Plus
Larger loans above $500K and up to $1M 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 $500K in Prospa funding
- Minimum $2M 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 $1M with 10 minute application, fast decision and funding possible in 24 hours.
Support
Confidence
Why Prospa? It’s today’s way to borrow.
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.
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Customers making it happen with a Prospa loan
Read customer stories
FAQs
Business loans frequently asked questions
The application process is easy and fast. Simply complete the online form in as little as 10 minutes. If you are applying for $250K or less, you need:
- Your driver licence number
- Your ABN
- Your BSB and account number
- Minimum trading history applies
For all Prospa funding:
- Business owners must be 18+ years
- Business owners must be an Australian citizen or permanent resident
For a Small Business Loan up to $500K, you must also have:
- From 6 months trading history
- Monthly turnover of $6K
For a Business Line of Credit up to $500K, you must also have:
- Minimum 6+ months trading history
- Monthly turnover of $6K
- Property or asset ownership
For a Business Loan Plus from $500K up to $1M, you must also have:
- Minimum 3 years trading history
- Annual turnover of $2M
- Property or asset ownership
We offer Business Loans up to $1M or Line of Credit up to $500K, however the total amount of your loan will depend on the specific circumstances of your business.
We consider a variety of factors to determine the health of your business and based on this information we will make an assessment on how much you can borrow.
Use our loan calculator to discover much you could afford to borrow.
Awards, thanks to your support
It’s nice to know we’re doing something right
| Year | Award | Category |
|---|---|---|
| 2024 | Great Place to Work | Certified |
| 2025 | Great Place to Work | Recognised as one of Australia’s Best Workplaces for Women |
| 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 |
