Flexible business funding solutions

Australia’s #1 online lender to small business

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We’re big believers in small business!

Aussie small business owners believe in themselves. And at Prospa, we believe in them too. That’s why we offer a no-nonsense approach to business lending.

Introduce them to a lender that treats small businesses like they really matter.

Your customers can enjoy flexible funding solutions with repayment options that work with business cash flow. They get a fast decision and funding is possible in 24 hours. Plus there’s no asset security required up front to access up to $150K.

Flexible Small Business Loan

LIMITED-TIME OFFER: No repayments for the first 8 weeks (interest accrues from settlement date to end of term) Things you should know

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Flexible early repayment

Your clients have the option to save on interest by paying out their loan early if they choose to do so.

Flexible Line of Credit

A great tool to help your client take control of cash flow. Plus they only pay interest on what they use while they use it.

► How it works

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Flexible, personal approach

We go the extra mile to get to know your clients and their businesses – and look to say ‘yes’ more often.

Our flexible funding solutions support customers in many ways – find out how!

Flexibility: More than just the numbers

Trusted relationships breed a win-win

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

A revenue boost takes determination

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

Diversifying with attitude

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

Small Business Insights:
Recent funding trends

Confidence continues to build with 93% of SMEs expecting to recover within the next two to three years. As a result, we’ve seen a steady increase in the appetite for lending, in fact 1 in 4 SMEs intend to take up funding*. But what are they using the funds for?

Investing in business growth strategies

49% Investing in emerging tech & software
46% Hiring new and more skilled employees
43% Expanding into new geographies
42% Add sales channels
32% Investing in equipment or machinery

Manage BAU working capital constraints

Cover cash flow gaps due to late invoice payments
Pay staff
Buy stock
Manage changes to wholesale trade terms from 30/60 days to COD or cash-up-front

*Source: https://www.prospa.com/about-us/in-the-news/study-reveals-smes-recover-2021

Engage clients and build your business. It’s easy!

With a full suite of marketing material at your fingertips, it’s never been easier to build your client base. Contact your nearest BDM to get started.

Go to resources page

Ready to support your small business clients?

Log into the Prospa Partner Portal to submit a lead.

Alternatively, Submit a loan scenario, call 1300 964 808 or find your BDM

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 offer available to new and existing approved customers on a new or refinanced Prospa Small Business Loan settled between 3 May and 30 June 2021 (inclusive). Approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks, 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 8 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. Offer only available to businesses established and operating in Australia. Offer not available to refinance an existing Prospa loan that is within a no repayment period at the time of application, or in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply. Australian credit licence 454782.