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).

A loan to company keeps your business afloat

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.

Prospa is Australia’s #1 online lender to small business

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.

Prospa helps small businesses power through challenges

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.

What to expect from a Prospa loan to your company

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

  • A lump sum between $5,000 and $150,000
  • 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 $150,000 of Prospa funding

How you can utilise a loan to your company

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

What are the requirements to qualify for a loan?

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)

Talk to Australia’s #1 online lender to small business

No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.

We’re Australia’s #1 online lender to small business.

Flexibility

Fast application and decision, and funding possible in 24 hours on flexible options up to $500K.

Support

Locally focused BDMs backed by a team of dedicated Business Lending Specialists who get to know your client’s business.

Confidence

Join thousands of Aussie small businesses who thrive with the support of Australia’s #1 online lender to small business.
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FAQs

FAQs

To apply for a loan to your company, visit the Prospa website to apply online. Our online application form that takes as little as 10 minutes to complete.

During the application process, you need to provide details about your company such as its monthly sales and trading time, a valid ABN or ACN, and bank statements.

Other requirements to qualify for a Prospa corporate loan include the following: at least six months of trading history, applicants must be 18 years or older and an Australian citizen or permanent resident, and a minimum of $5K monthly turnover.

We use multiple factors to calculate your interest rates at Prospa, including:

  • amount of company loan you want to borrow
  • the financing option you choose (Small Business Loan or Plus Business Loan)
  • the purpose of the SME business loan
  • whether you choose a secured or unsecured loan to company
  • the health of your business.

Like traditional business lending companies, we conduct credit checks, which include your personal credit score that shows if you’re a reliable borrower and your ability to pay off your debt based on your previous payment history.

Remember that multiple factors affect your credit score. In general, the higher your score, the more likely you’ll enjoy lower interest rates because lenders and creditors see it as a sign of responsible borrowing behaviour.

Aside from lower interest rates, having a high credit score means that you could also enjoy more favourable repayment terms than someone with a less-than-optimal score due to things like overdue bills.

Our business loan rates are also determined by the financial health of your company. We use a sophisticated credit assessment tool that analyses over 450 factors, allowing us to understand how your business operates and how much you can comfortably pay without overstraining your cash flow. At Prospa, we believe that prudent lending is the key to the long-term success of SMEs.

If you want to know if you can comfortably repay your desired borrowed amount, you can use Prospa’s online business loan calculator. You’ll need to input your preferred repayment term (three months to two years) and the amount you want to borrow.

Our calculator shows you the weekly repayment amount, number of repayments, and total payback amount, making it easier for you to make an informed financial decision.

Prospa offers a simple online application process that you can complete in as little as 10 minutes. Provided that you submit your application for a loan to company before 4:00 pm on a business day and you get approved, you may even receive funds the next day.

Additionally, you can access funds of up to $150K without the need for any upfront asset security. Not unlike unsecured business loans, Prospa Business Loans are perfect for small businesses and startups that have been operating for a minimum of six months.

If you want to learn more about a loan to your company, talk to Prospa today.

Awards, thanks to your support

It's nice to know we're doing something right

Year Award Category
2023 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, SME under $250K Loan of Choice
2023 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, SME over $250K Loan of Choice
2023 Contact Centre Magazine Winner, Top 100 Influencers in the Contact Centre Industry
2023 MFAA State Excellence Awards Finalist, Business Development Manager Award – Lender & Support Service Provider
2023 LinkedIn Talent Awards Winner, Best Employer Brand

See more awards