Business loans made faster and easier

Reckon has partnered with Prospa to help make business happen with faster access to business funding up to $500K

How can Prospa help

Small Business Loan up to $150K

  • Fixed repayments over 3 -36 months, with early payout options
  • No upfront security required
  • Easily online in 10 minutes, with minimal paperwork

Revolving Line of Credit up to $150K

  • Repay and reuse over the 24 month term
  • Only pay interest on the funds you use
  • No origination fees

Business Loan Plus up to $500K

  • Pre-approval on loans above $250K with no credit checks for initial quotes
  • Fixed repayments over 3 -36 months, with early payout options
  • Dedicated lending specialists to supper you across the life of your loan

We’ve helped others make business happen


You’ll just need your recent trading figures and business bank details handy

You’ll get a decision within a business day – or often within just a few hours. We’ll call you to explain the process and explain any questions you may have.

Once your loan is approved, the funds are automatically transferred and could be in your account within hours

Easy application

Apply online in less than 5 minutes and get a same day decision, with funding possible in hours

Flexible funding

Apply for funding from $2K to $500K with flexible terms from 3 – 36 months to suit your business needs

Trusted lender

Australia’s #1 online lender and rated 4.9/5 by thousands of small businesses

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Frequently asked questions

Reckon is transforming the way small businesses access financing, making business lending smarter, faster and easier. That’s why Reckon engaged Prospa, Australia’s #1 online lender to small businesses.

Reckon Loans helps business owners access business loans from $5K to $500K, with flexible terms from 3 and 36 months, with cash flow friendly weekly repayments.

Reckon Loans is powered by Prospa. Reckon Limited is not a provider of financial services. Reckon Limited acts as an introducer only.

Get a decision same-day, with funding possible with hours.

Prospa offers weekly repayments that are automatically deducted from your nominated business account, which ensures repayments are seamless.

There are no fees for early repayment and no balloon payment at the end of your business loan. Once you make the final payment, your balance will be $0.00.

Like traditional lenders, Prospa will conduct a credit check to look at your personal credit score in conjunction with your business health. Credit reporting bodies will compile a report on your credit worthiness based on a range of factors which include how many loan applications you have already made, your current credit if you have any, any overdue bills, past bankruptcy if applicable and any pending writs or court judgments.

Prospa does not rely solely on your personal credit score, they focus on evaluating the health of your business. They have developed a complex credit assessment tool which takes into account over 450 separate pieces of information.

If you apply for a loan of $5K to $150K minimum trading history periods apply. If you need $150K to $500K we’ll require additional financials like a P&L statement. 

Yes. Prospa is compliant with all applicable Australian quality and security standards. Prospa also encrypt all personal, sensitive and financial data. Prospa uses an advanced bank verification system link to instantly verify your bank information online so they can provide a response, usually in one hour.

Reckon Loans is a service offered by Prospa Advance Pty Ltd ACN 006 593 219. Reckon Limited is the introducer only and does not guarantee or support Prospa Advance Pty Ltd in any way. Prospa is not part of Reckon Limited. Reckon receives a fee for referral or may elect to participate in the loan. Eligibility and approval subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply. These rates apply to Prospa’s small business loan product only. See for more details.