Prospa Business Overdraft

Easily manage cash flow with a Business Account combined with a Business Line of Credit for ready-to-go funds up to $150K.

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A simple way to control your business finances in one place.

Fund

  • Apply in 10 minutes for a Business Line of Credit with minimal paperwork and only pay interest on the funds you use
  • Flexible terms with renewable 24 month term
  • No upfront security when accessing up to $150K in Prospa funding
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Manage

  • 24/7 access through the Prospa App and Prospa Online
  • Combined with a Prospa Business Account to help with cash flow and reduce admin
  • Sync transactions with Xero or export statements for clarity
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Spend

  • Near instant payment methods including Prospa Visa Business Debit Card, Apple Pay and Google Pay
  • Everyday transactions combined with extra funds, ready to dip into when you need it
  • Pay now, schedule for the future or setup recurring payments
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Steps to set up a Prospa Business Overdraft
01

Apply for a Prospa Business Line of Credit

Get ongoing access to funds to keep your cash flow on track. Apply online in under 10 minutes and get a same-day decision - often just a few hours.
Get ongoing access to funds to keep your cash flow on track. Apply online in under 10 minutes and get a same-day decision - often just a few hours.
02

Open your Prospa Business Account

Once approved for a Business Line of Credit, you have the option to open a Business Account as a way to transfer funds from the credit facility.
Once approved for a Business Line of Credit, you have the option to open a Business Account as a way to transfer funds from the credit facility.
03

Access funds on the go

Easily see transactions, payments and move funds between your combined products through the Prospa App and Prospa Online.
Easily see transactions, payments and move funds between your combined products through the Prospa App and Prospa Online.

Prospa Advance Pty Ltd (Prospa) (ABN 47 154 775 667) is not a bank or authorised deposit taking institution. The Prospa Business Account and Prospa Card are issued by Hay Limited ABN 34 629 037 403 which holds Australian Financial Services Licence no. 515459 (Hay). Hay is not a bank or authorised deposit taking institution. All customer funds held in a Prospa Account are held with an authorised deposit-taking institution (ADI). Information published on this website is provided without considering your individual objectives, financial situation or needs. Please make sure to read the Financial Services Guide, Target Market Determination, Product Disclosure Statement and the Card and Account terms and conditions prior to deciding whether these products are appropriate for you. Eligibility criteria, fees, terms and conditions apply.

Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.