Loan to Company

Finding a lender who’ll loan to your company and help you grow your business is easier than you might think. A small business loan could help you hire more employees, introduce new products or services, expand your customer base, or invest in new equipment and machinery. When you apply for a finance business loan with Prospa, you’ll get flexible repayment terms that benefit small and medium enterprises (SMEs).

It can be tough for small business owners to obtain the cash needed to make your business dreams a reality. We understand how frustrating it can be, that’s why we’re making it as hassle-free as possible for small businesses to access funding. Finding someone to loan to your company is fast and easy with Prospa, and you could have the funds needed to expand your business, boost working capital, or pay your employees’ salaries, in as little as 24 hours.

Small businesses are the heart and soul of Australia, and we’re committed to providing you with the best business loans. Providing our customers with fast funding, especially small businesses that are low on budget, is important to us. That’s why we offer a quick and easy online application that takes as little as 10 minutes to complete.

Find out more about our loan to company here.

The COVID-19 pandemic adversely affected almost all businesses in Australia, especially SMEs. Every business owner felt the impact of lockdowns and staff shortages due to illness. Businesses had no choice but to hurdle through the financial difficulties that accompanied the pandemic. Fortunately, Prospa was there when businesses needed us most.

Joshua Abou-chedid, owner of Crazy Nonna Pizza Pasta Bar in Sydney, was behind on supplier payments during the first lockdown and needed money immediately. Prospa was able to approve a loan to his company within 24 hours, and because of this loan, Crazy Nonna was able to continue to partner with these suppliers.

The sense of optimism that Prospa has given small business owners has given them confidence that they have the capacity to grow their businesses. To read more about how Prospa helps businesses succeed, check out the customer stories on our blog.

If we were to loan to your company, terms include the following:

• A lump sum between $5K and $150K
• Terms from 3 to 36 months
• Fixed weekly repayments
• Funding possible in 24 hours
• Interest rates based on your business circumstances
• No asset security required upfront to access up to $150K of Prospa funding

A loan to your company can be used for any business-related purposes that you see fit to invest in. It can be used for the following business purposes such as:

• Buy new equipment or upgrade old machinery
• Grow or expand your business by adding a new product or service
• Upgrade your IT infrastructure
• Renovate your office or retail store
• Run monthly ad campaigns to boost business
• Build your website or give it a facelift
• Add new touches to your property
• Employ casual staff during peak periods
• Buy stock in bulk to save money

If you are planning to apply for a small business loan at Prospa, you must fulfil the following conditions:

• be an Australian citizen or permanent resident
• be over 18 years of age
• own an Australian business with a valid ABN/ACN
• demonstrate 6 months of trading for a new business (or 3 months if you have purchased an existing business)