Business Loan Calculator

Explore the flexibility of a Prospa Business Loan

We’ve developed this handy guide to help you understand how a small business loan might work for your business. For example, if you’re unsure what the repayments might look like for a particular loan amount, our loan calculator can help.

The Prospa Loan Calculator¹ is easy to use. Simply slide the button to select a loan amount. The output numbers are based on the simple annual interest rate we would provide a typical business. However,  every small business is different, and our rates will vary due to a number of factors such as industry, years in business, cash flow and creditworthiness. We offer lower rates to applicants with the strongest cash flows, business experience and credit ratings.

You can easily get more accurate loan figures tailored to your business by submitting a free, no-obligation loan application using the form below.

How much would you like to borrow?

A valid loan amount ($5,000 - $300,000) is required



Max:  $300,000

Weekly repayment:


Number of repayments:


Total payback amount:


¹Any output from the business loan calculator is provided as a general guide only and is not an offer or guarantee of finance. The calculator applies an indicative annual simple interest rate of 19.9% p.a. to the loan amount and loan term input you select. Prospa conducts an individual assessment of each applicant business and uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness, so the rate in any offer for finance that you may receive may be different from this rate. Not all loan amounts, loan terms or rates will be available to all applicants. Eligibility for loan approval and available terms of any loan offer (including amount, term and rate) are subject to standard credit assessment of each individual applicant business. Fees, terms and conditions apply.

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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.

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Frequently Asked Questions

Do I need security to access funds?

Prospa considers the health of a business to determine creditworthiness. For Small Business Loans or Business Lines of Credit, no asset security is required upfront to access up to $150,000.

If you continue to meet your obligations under the facility, such as payment obligations (as detailed in your contract), security will never be required. For facilities over $150,000, Prospa takes security in the form of a charge over your assets.

See more on how to get a small business loan – the easy way.

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How do I apply for a small business loan?

The application process for Prospa business loans  is easy and fast. Simply complete the online form in as little as 10 minutes. If you are applying for $150,000 or less, you need your driver licence number, your ABN and your BSB and account number. For loans over $150,000, you’ll also need some basic financial statements, like a P&L and cash flow.

How fast will I get a decision on the business loan?

A decision on a Prospa business loan can happen in one hour – as long as you apply during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can provide a decision on your business loan in as little as one business day.

How fast will I get the money when I apply for a Prospa small business loan?

If you apply for a Prospa small business loan before 4pm on a business day and your application is approved, it is possible to have money in your account the next business day.

How much can I borrow?

We provide loan amounts between $5,000 and $300,000. When you make an application for a specific amount we consider a variety of factors to determine the health of your business and the level of repayments your business can support. The total amount of your loan will depend on the specific circumstances of your business. The Prospa loan calculator gives you an idea of repayments for various amounts borrowed, but you won’t know how much you can borrow for sure until after you apply and are approved.

What is a typical business finance interest rate?

This is a common question, but business finance interest rates vary due to many factors. These include:

  • the type of facility (ie whether you elect to use a business loan, equipment finance, business overdraft, line of credit, or business credit card etc)
  • the amount borrowed
  • what the funds will be used for
  • whether the funds are unsecured or secured
  • whether it is a fixed or variable interest rate
  • the industry the business operates in
  • how long the business has been running
  • whether the business has sufficient cash flow to support the loan, and
  • the overall ‘health’ or creditworthiness of the business.

The Prospa business loan calculator gives you indicative figures based on an typical interest rate, but it’s best to talk to our friendly customer service team to see how they can help you get the best business loan interest rate for your business. We’ve helped businesses across the country with funds to grow and for cash flow support – we could help your business too.

What fees do you charge for business loans?

Prospa doesn’t charge an Application Fee. You can apply for a business loan with Prospa with no upfront cost or obligation to proceed.

We do charge an Origination Fee that covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 3.0% of the business loan amount.

There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, from day one. There’s no compounding interest, no penalties for early repayment and no additional fees (as long as you make your payments on time).

What happens if I want to pay the loan out early?

You can choose to repay the entire amount of your business loan early at any time. If you choose to repay your entire loan early, Prospa may provide you with a discount on the remaining interest that is payable on your loan. The level of discount applied to your repayment amount will depend on how far you are into the loan term and will be at least 25% of the remaining interest payable on your loan.

There are no additional fees for early repayment and no balloon payment at the end of your loan. Any outstanding late fees or default fees will not be waived. Once you make the final payment your balance will be $0. If you wish to repay the entire balance of your loan early, you should ring Prospa on 1300 882 867 to obtain your early repayment figures and relevant payment details.

If you believe you will only need the funds for a short time, then you should consider our line of credit product, which provides funds of up to $150,000 that can be used and re-used and you only pay interest on what you use for as long as you use it.

“Prospa has been really good for me. They’ve kept me in business, as opposed to maybe finding it too hard and deciding I was going to give it up or sell.”

Julie Wallace
Verdaflore, NSW

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