Quick access to a lump sum to cover one-off expenses or invest in your business.
Money on demand to cover unexpected cash flow gaps and keep your business moving.
If your monthly turnover is more than $6,000 and you have over 6 months trading history, you’re ready to go.
You need an active ABN, business bank account details & driver licence details (plus business financials for loans over $150,000).
With funding possible in 24 hours, no repayments for the first 8 weeks for a limited time and 24/7 access via the Prospa Mobile App and Customer Portal.
Things you should know: No repayment period offer available to new and existing approved customers on a new or refinanced Prospa Small Business Loan settled between 3 May and 30 June 2021 (inclusive). Approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 8 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in Australia. Offer not available to refinance an existing Prospa loan that is within a no repayment period at the time of application, or in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.