A lump sum of up to $300K to invest in growth opportunities or one-off expenses like renovations or equipment purchases. Plus, approved loans come with the option of no repayments for the first 4 weeks (interest accrues from settlement date to end of the term). T&Cs apply
Your clients have the option to save on interest by paying out their loan early if they choose to do so.
A great tool providing ongoing access to funds up to $150K to help business owners manage current and future cash flow fluctuations. Useful to cover unpaid invoices or to pay staff and suppliers. Plus, your clients only pay interest on what they use while they use it.
We go the extra mile to get to know your clients and their businesses – and look to say ‘yes’ more often.
Flexibility: More than just the numbers
Proprietors of Adelaide’s ‘Fish Out of Water’ wanted to diversify into a dessert bar. A conversation with their trusted broker and a whole lot of confidence in their plans put them on the path to Prospa – and their dreams became reality.
“It was less about throw your numbers on the table, it was more about how can we help you achieve your dream.” – Chris, Fish Out of Water & Cupkates Desserts
Flexibility: Fast access to funds
Prospa’s personal approach and fast turnaround were key to this Queensland-based niche hair salon getting the funding to boost stock levels on their online store. The result of the stock boost? An increase in revenue of around 15%.
“We are confident that Prospa has been there for us when we’ve needed them to help with the expansion so we are confident they’ll be there in the future.” – Amanda, Purely Curls
Flexibility: A personalised approach
By really getting to know what the business was trying to achieve Prospa was happy to help with funding for expansion. The result? A fresh funky bar, offering a whole new dining experience to customers.
“We chose Prospa over a traditional bank because they understand what it’s like to be a small business competing in a very competitive world.” – Brian, Beach Almond Restaurant
1 The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa.
No repayment period available to approved customers who settle a new or refinanced Prospa Small Business Loan. Approved customers can elect to take an optional initial no repayment period of between 1 to 4 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 4 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Not available to refinance an existing Prospa loan that is within a no repayment period at the time of application. Product settings may be amended or withdrawn without notice.