Prospa is now open on Saturdays. Call our team between 10am & 4pm to discuss your loan.

Line of Credit


Ongoing access to funds to help you confidently
manage business cash flow fluctuations.

Get Started

Line of Credit


Ongoing access to funds to help you confidently manage business cash flow fluctuations.

Get Started

Always be prepared for unexpected cash flow gaps with quick, ongoing access to up to $100,000

A Prospa Line of Credit is a cash safety net to help take the worry out of day to day finances. Dip in when you need to and only pay interest on the funds you use while you use them.

Card image cap


To put you in

Card image cap


To save you time
and effort.

Card image cap


To give you the information
and support you need.

What could your business do with ongoing access to funds?

  Manage fluctuations in cash flow


  Pay staff wages


  Cover unpaid invoices

  Buy urgent stock


  Manage seasonal fluctuations


  Pay suppliers

  BAS payments


  Manage late paying customers

More about the Business Line of Credit

Card image cap

Flexible. To put you in control

  • Revolving Line of Credit of between $2,000 and $100,000
  • Use and reuse as many times as you need throughout the renewable 12-month term
  • Only pay interest on what you use, while you use it
  • Make additional principal repayments at any time
Card image cap

Simple. To save you time and effort.

  • Apply in 10 minutes with minimal paperwork
  • Fast decision with funding possible in 24 hours
  • No asset security required upfront to access the funds
  • Access funds wherever and whenever with the Prospa Mobile App and Customer Portal
Card image cap

Real. To give you the information and support you need

  • A team of Business Lending Specialists available however suits you – phone, email chat
  • Business resource hub to help you stay informed
  • Competitive rates tailored to the health of your business
  • Transparent fees: $195 charged on first draw down; $25 monthly subscription after first draw down

How it works

Card image cap

Check if you qualify

If your monthly turnover is more than $6,000 and you have over 6 months trading history, you’re ready to go.

Card image cap

Apply in 10 minutes

You need an active ABN, business bank account details & driver licence details.

Card image cap

Get on with business

With funding possible in 24 hours and 24/7 access via the Prospa Mobile App and Customer Portal.

What are the costs of borrowing with a line of credit?

With the Prospa revolving Line of Credit there are three different costs: 

  • There is a one-off charge called a Line Activation Fee of $195, which is charged when you first make a draw down.   
  • There is a Monthly Subscription Fee of $25.00 which is charged monthly in arrears from when you first make a draw down. 
  • You pay interest – but only on the funds you have drawn down, and only until you repay those funds. Interest is charged at a fixed rate, calculated daily based on your drawn balance, and charged weekly. The facility limit of your Line of Credit, and your interest rate, will be based on our assessment of your business.

Every week we will attempt to Direct Debit your business account for the repayment amount owing that week, any unsuccessful attempt will attract a $25 Dishonour Fee, as well as a Late Payment Fee. 

How long is my Line of Credit available?

Your Line of Credit will be available for a period of 12 months provided you make a draw down within the first 4 weeksIf you wish to extend your Line of Credit beyond this 12month period, we will need to re-assess your business situation in case anything has changed. This re-assessment and approval can be done easily over the phone.

How do I pay back the Line of Credit?

When you draw down on your Line of Credit, we will set up an automatic repayment schedule with set weekly repayments over 12 months.

The weekly repayment will comprise interest and a portion of principal (1%) as well as any applicable fees.

So that you don’t need to worry about missing a payment, our set weekly repayments will be automatically debited from your nominated business bank account.

You can choose to simply pay the set weekly repayments, or you can make additional payments at any time to reduce your drawn balance, thus reducing the amount of interest you pay. It’s up to you.

What can the Prospa Line of Credit be used for?

A Prospa Line of Credit can be used for almost any business purpose – including activities that help you manage day-to-day cash flow. For example, it could be used for paying staff wages, covering unpaid invoices, buying urgent stock, managing seasonal fluctuations, paying suppliers and much more. The Line of Credit cannot be used for personal purposes.

Tell me about the Prospa Line of Credit?

Prospa’s Line of Credit gives you access to a convenient and flexible source of funds between $2,000 to $100,000 and you only pay interest on what you use.

Do I qualify for a Business Line of Credit?

You can apply for a Prospa Line of Credit if you:

  • are an  Australian Citizen (or permanent resident)
  • are over 18 years, own an Australian business (with a valid ABN/ACN)
  • can demonstrate 6 months of trading for a new business (or 3 months if you have purchased an existing business)
Can I speak to someone about a Line of Credit?

Sure thing. Call our friendly team on 1300 220 215.

Our operating hours are Monday – Friday: 8:30am – 7pm (AEST) and Saturday: 10am – 3pm (AEST). Alternatively, you can email us at [email protected].

Already a customer? Log in to your account

“When I’m waiting for the next invoice payment to come through, it’s nice to have the Prospa Line of Credit to know I can keep things moving in the meantime.”

Josh Secomb
Broad Reform, NSW

Watch Video

Why Prospa?

If your business needs funds to jump on an opportunity, for business growth or to support cash flow, the team at Prospa can help. We’re Australia’s #1 online lender to small business and we’ll go out of our way to get to know your business so we can help you find a solution that matches your needs and puts you in control now and in the future.

Over $1.35 billion lent to more than 24,000+ small businesses so far.

Get started

Leave your details below and one of our Business Lending Specialists will get in touch to help you find a solution that matches your needs.


Your details are protected

Get ongoing access to funds with a Line of Credit

A Prospa Line of Credit is a safety net designed to give you the confidence to focus on what you love about your business – without worrying about day-to-day finances.

Learn More