Tired of balancing the competing demands of your business? Invest in your tech capabilities and shave hours off admin, boost productivity and focus on the things that really matter to you.
Prospa’s flexible range of funding solutions could be just the ticket! It takes just 10 minutes to apply online for funds up to $500K, and approved funding is possible in just 24 hours. What are you waiting for?
Plus, approved loans also come with the option of no repayments for the first 4 weeks to help you focus on the here and now. (Term will be extended and interest will accrue from the settlement date to the end of the term).
Prospa Small Business Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
Fixed term up to 24 months with fixed rates
Fast decision & funding possible in 24 hours
No asset security required upfront to access Prospa funding up to $150K
Minimum $5K monthly turnover and 6 months trading to apply
As a professional services provider, you know that cash flow plays a vital role in your business’s day-to-day. Plus, there are times when you might need funds to invest in your business to take it to the next level.
Whether you’re a lawyer, an accountant, in advertising or IT, or offer some other professional service to your clients, talk to Prospa about our flexible funding solutions. We can help you find an option to suit your business’s needs – whatever they may be.
Cover unpaid invoices. When billing and payments don’t quite line up, confidently maintain momentum.
Pay wages and suppliers. Pay suppliers on time, cover staff wages, hire casuals during busy periods, pay for training.
Outsourcing. Paying contractors to lighten the load and build efficiencies, hire an accountant or business adviser.
Improvements. Purchase software for efficiency and scalability, update your office furniture, give your premises a spruce up.
Marketing. Create awareness and acquire more clients through advertising, building a website or investing in social media.
And more. Having hassle-free access to funding can help give professional services providers the freedom to move quickly.
Resources for Professional Services providers
Want to broaden your customer base? Need tips on chasing invoices? Get a taste of how other businesses tackle challenges and opportunities across a range of industries
Three small business owners share their advice on how to reach new customers, expand revenue streams and build business resilience by productising services.
No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.
We’re Australia’s #1 online lender to small business.
“When I’m waiting for the next invoice payment to come through, it’s nice to have the Prospa Line of Credit to know I can keep things moving in the meantime.”
Things you should know: No repayment period available to approved customers who settle a new or refinanced Prospa Small Business Loan or Prospa Plus Business Loan. Approved customers can elect to take an optional initial no repayment period of between 1 to 4 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 4 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Not available to refinance an existing Prospa loan that is within a no repayment period at the time of application. Product settings may be amended or withdrawn without notice.