Your clients have the option to save on interest by paying out their loan early if they choose to do so.
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
The federal and state government support measures have been designed to increase the flow of money in the economy and strong growth is expected.
SMEs fear `the cliff' but this fear is evaporating due to a tapering of stimulus and increased business-friendly budget announcements coming through.
SMEs are gaining confidence and are beginning to re-stock, re-hire, re-equip, re-employ, re-invest in sales channels & technology and re-design business models.
Wholesalers are moving to a safer business model while the impact of late invoice payments is compounding to cause a shift in trade terms.
We've changed how and where we shop, and what we buy. That means 2021 will be a huge year for tech as we do more business from afar.
There's a real need for ongoing access to working capital. The amount required depends on specific businesses and industries.
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.