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 $100K.

Flexible Small Business Loan

A lump sum of up to $300K to invest in growth opportunities or one-off expenses like renovations or equipment purchases.

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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:
6 forces driving future demand of SME credit

With the increased confidence we’re seeing in the SME space, we would like to share the six forces that are driving demand for commercial credit as we move into 2021 and beyond.

Government Stimulus

The federal and state government support measures have been designed to increase the flow of money in the economy and strong growth is expected.

Fear of 'The Cliff'

SMEs fear `the cliff' but this fear is evaporating due to a tapering of stimulus and increased business-friendly budget announcements coming through.

'Re-' everything

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.

Trade terms shifting

Wholesalers are moving to a safer business model while the impact of late invoice payments is compounding to cause a shift in trade terms.

eCommerce frenzy

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.

'Money on demand' funds

There's a real need for ongoing access to working capital. The amount required depends on specific businesses and industries.

Source: Prospa

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.

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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.