Online business loan
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
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
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.
- 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.
- 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
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
FAQs
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?
Awards, thanks to you
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 |
