Online Business Loan

Online business loan

You’re in the right place if you’re after a quick, easy online business loan process to help your company grow.

Prospa is changing the way Aussie small business owners experience finance. We recognise that every business is different; that’s why we work closely with our customers to tailor a business lending solution that works for them – instead of the other way round.

With flexible interest rates based on your business circumstances, early payout discounts and no upfront asset security required for loans between $5K to $150K, our award-winning small business loans are helping businesses across the country get back on their feet and finance their futures.

Apply now and discover how an online business loan can help your business today.

Trusted Finance

We know that there are a lot of online business loan options out there. But we also know that nobody is as trusted as Prospa. We’ve got an average 4.8 out of 5 stars from over 6,600 reviews on Trustpilot. We’ve had the privilege of watching many of our client’s businesses grow using our different funding solutions.

No matter what stage of development and growth you’re in, our multi-award winning solutions have supported small businesses when they needed it. So if you’re still searching for ‘business loan near me’, look no further than Prospa for trusted finance.

To find out how our online business loan can help your business prosper, apply for business loan  today.

Building a business and a community

Prospa online business loan customers come from just about every industry. And, just like us, our customers typically like to help their community too.

Owners of Queensland small business, Karinya Diesel Services, struggled to find a loan because they were deemed too small to warrant a loan. Not long after, they discovered Prospa small business loans.

Thanks to a small business loan from Prospa, they’ve since built their small but vital automotive repair business into a bustling apprenticeship hub. They now provide training and the opportunity to gain trade qualifications to local high school students and other people in the area.

This has helped increase the number of people available to service heavy duty machinery and vehicles and keep the local agricultural industry moving. A smart investment has enabled them to grow their business by 60% in the past twelve months alone while investing in their community at the same time.

Money which works hard for you – not the other way around.

When we designed our online business loan, we knew our loans had to meet the needs of our small business customers. We wanted to do the opposite of other bank loans for business and make applying as easy as possible. That’s why we offer:

  • Business loans between $5K and $500K
  • Funding possible within 24 hours
  • Loan terms between 3 and 36 months
  • Flexible payment conditions and early payout discounts
  • Loan interest rates tailored to your business circumstances
  • 24/7 access to your account via the Prospa mobile app and customer portal

To find out how much you can potentially borrow with a Prospa online business loan, apply now.

Fast Cash. Endless Applications.

Every Prospa online business loan customer is different. The stage your business is at will often determine what you spend your funding on. Some common uses for our small business loans include:

  • equipment repairs or purchases
  • renovations
  • rebranding and marketing
  • covering salaries or payments due to slow paying clients or customers.

A small business loan from Prospa can help you cover unexpected – or expected – costs whenever you need it. Get started now!

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

A dedicated Business Lending Specialist will get to know you and your business and provide a personalised solution.

Confidence

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

FAQs

Frequently asked questions

We offer Business Loans or Line of Credit up to $500K, however the total amount of your loan will depend on the specific circumstances of your business.

We consider a variety of factors to determine the health of your business and based on this information we will make an assessment on how much you can borrow.

Use our loan calculator to discover much you could afford to borrow.

For a Business Loan or Line of Credit up to $150K, you must have:

  • From 6 months trading history
  • Monthly turnover of $6K
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

For a Business Loan or Line of Credit over $150K, you must have:

  • Minimum 2 years trading history
  • Annual turnover of $1M
  • Property or asset ownership
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

We can often provide a response in as little as 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 it may take a little longer.

Often, you can have the funds in your account in as little as 1 hour after settlement.

Other questions? Talk to a specialist

Awards, thanks to you

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

Year Award Category
2024 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, Best short-term loan
2024 FINNIES Fintech Australia Awards Finalist, Excellence in Business Lending
2024 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, Best SME loans less than $250K
2024 Great Place to Work Recognised as one of the Top 10 Best Workplaces in Technology
2024 Work180 Recognised by WORK180 as one of Australia’s top 101 workplaces for women

See more awards