A lump sum of $5K – $150K over terms up to 24 months to cover unexpected expenses or a one-off purchase. Fast decision and funding possible in 24 hours. Set repayments with an early repayment discount available. No upfront asset security required to access Prospa funding up to $150K.
Larger loans of $150K – $500K to invest in a business growth opportunity or one-off expense. Express path with minimal documentation up to $250K. Pre-approval without credit check available for loans of $250K or greater. Direct access to credit team for a truly premium experience.
A great product providing business owners with ongoing access to funds up to $150K to help 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 the funds they use while they use them.
Our BDMs and team of business lending specialists go the extra mile to understand your clients and their businesses – and look to say ‘yes’ more often. Be involved as much or as little as you choose, and stay informed of your client’s progress throughout the journey. Australia’s #1 online lender to small business.
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.