Easy Business Loans

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.

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.

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

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 $150K or less, you need:

  • Your driver licence number
  • Your ABN
  • Your BSB and account number
  • Minimum trading history applies

For a Business Loan or Line of Credit up to $150K, you must have:

  • From 6 months trading history
  • Monthly turnover of $6K
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

For a Business Loan or Line of Credit over $150K, you must have:

  • Minimum 2 years trading history
  • Annual turnover of $1M
  • Property or asset ownership
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

We offer Business Loans 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 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