Business Line of Credit repayment calculator

Calculate drawdown scenarios tailored to your client's needs. Use to assess how the weekly repayments and total funding costs align with their cash flow to support the funding opportunity.

Facility limit

A valid loan amount ($5,000 - $500,000) is required

Total interest paid over estimated repayment period

$0

Excludes principal, service fee and any additional extra repayments made

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Estimated available facility

Your client's weekly repayment amount consists of interest (calculated daily on balance drawn figure) + 1% of the balance drawn figure + weekly service fee (percentage of facility limit).

This table assumes your client makes only the minimum weekly repayments up to the estimated repayment point. However, your client may make unlimited extra repayments at any time to reduce the overall cost of funds.

Year 1 Year 2 Year 3 Year 4 Year 5
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While we strive to ensure the accuracy of the calculator, we do not guarantee that the information provided is accurate, complete, or up-to-date. The results are based on the information provided by the user and assumptions that may not hold true in every situation. Calculations are based on information you provide and may assist you in making projections, however they are not forecasts and do not represent all Prospa products. If approved, the Loan Agreement provided by Prospa will set out the applicable loan details. The information in the calculator does not constitute an offer to lend or imply that any particular Prospa product is suitable for your clients. Subject to law, Prospa will not be liable for any loss or damage caused by your use of the calculator. Terms and conditions, standard credit criteria, and applicable fees apply to Prospa products.

Tradie managing ongoing work with support from a business line of credit

Client scenario

Here’s how a Business Line of Credit helped a landscaper take on more work
01

A new contract, a big opportunity

Zac, a landscaper, takes on a new project valued at $25,000 with an estimated completion date in 5 weeks time.
02

The cost of doing business

Zac uses his Line of Credit to drawdown $15,000 to cover the upfront cost of materials and labour for the project.
03

The impact to cash flow

Zac completes the project on time and invoices his client. The client has 30-day payment terms and Zac receives payment 6 weeks after drawing down the $15,000.
04

What it cost to keep moving

Over the 6 weeks, Zac paid a total of $437.79 in interest, $877.80 in principal and $138 in weekly service fees. For $1,453.58, he was able to fund the project and realise $25,000 in revenue. Now, Zac is looking to take on and fund another 3 projects with his Line of Credit.

It's funding their way

With Prospa's Business Line of Credit, you can help bring more stability to your client's day-to-day operations
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