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 $5,000 to $150,000, 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 4.9 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 $5,000 and $500,000
  • 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.


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


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


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


Frequently asked questions

Depending on your individual circumstances, your small business can borrow between $5,000 and $500,000 with a Prospa online business loan.

The amount approved for your business loan and your interest rate can be influenced by factors such as your business history (e.g., how long you’ve been in business, monthly turnover, your current working capital, assets or inventory), as well as liabilities (e.g., loans or debts).

We’ll also run a credit check as part of the loan application assessment process. As a prudent business lender, we want to make sure we never offer you more money than you can afford to comfortably repay.

If you’re wondering ‘do I qualify for a small business loan’, you’ll need to have:

  • An ABN/ACN
  • A business bank account
  • Minimum trading history applies
  • A monthly turnover of more than $6K

You’ll also need to be over 18 years of age, be an Australian citizen or permanent resident for tax purposes, and have a government-issued ID such as a driver licence that we can verify your identity with.

The decision-making time on our online loans for business is one of the quickest around – which is one reason why we’ve been voted Australia’s #1 online lender to small business. It takes as little as 10 minutes to apply online for one of our finance business loans and if approved, we’ll get the funds sent to your account in as little as 24 hours.

Applying for an online business loan with Prospa is easy. Simply visit our website and apply online. Follow the prompts to complete your application and you could have access to your funds within 24 hours if approved. Easy!

Other questions? Talk to a specialist

Awards, thanks to you

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

Year Award Category
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
2023 Great Place to Work Recognised as one of the Top 20 Best Workplaces
2023 Great Place to Work Certified
2023 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, SME under $250K Loan of Choice

See more awards