Purchasing an asset or service
Buying stock, inventory or equipment
Renovating your business
Smoothing out cash flow
Apply in 10 minutes.
It’s fast to set up and get a quick decision
Buy what you want.
Purchase direct from your chosen seller
Send us your invoice.
Email us and we’ll pay the supplier upfront
Pay over 10 weeks.
All for one simple 3.5% service fee
Meet Hair Salon Owner Natalie
Natalie updated all her salon chairs in one go using ProspaPay and spread the repayment over time to fit in with her business cash flow.
Natalie’s chairs cost
Natalie paid $150.00 over 10 weeks, with a simple upfront fee of $52.50.
Prospa is Australia’s #1 online lender to small business, offering fast, easy access to funds. Prospa has delivered over $1.6 billion in funding to 28,500 small businesses across Australia and New Zealand so far, and are rated #1 Money brand in Australia on TrustPilot with a 4.9/5 TrustScore.
Prospa currently pays suppliers using bank transfer (EFT) – but BPAY is coming soon.
For an invoice to be eligible, the purchase must be for business purposes and be made with an Australian supplier. The invoice must also be less than 60 days old.
Yes. When your business is approved for a Prospa Pay account, you will be given an account limit. Then, you can pay as many invoices as you like with ProspaPay as long as your outstanding balance does not exceed that limit.
No. You simply pay a 3.5% service fee to split your invoice. As long as you make your repayments on time, there will be no other fees. If you miss a repayment, you’ll be charged a late fee of 0.5% of the original invoice amount.
Standard credit assessment, fees, terms and conditions apply.
Australian Credit Licence 454782 | ABN 47 154 775 667