Tailored loans to meet the needs of restaurant businesses
Prospa is Australia’s #1 online lender to small business offering restaurant business loans to local Aussie businesses right across the country. Join the tens and thousands of businesses we have already helped to build and thrive and enjoy dedicated, customer focused support from our team of Business Lending Specialists.
Restaurant business loans from Prospa are tailored to meet your individual business needs. Whether you’re looking for funds to help build up working capital or get a local café off the ground, we’re here to assist with managing a healthy cash flow through small business loan products designed to support your business success.
Small Business
Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
- Fixed term up to 3 years with fixed rates
- Fast decision & funding possible in 24 hours
- No asset security required upfront to access Prospa funding up to $150K
- Minimum $6K monthly turnover and 6 months trading to apply
Business Loan
Plus
Larger loans above $150K and up to $500K to invest in your next business growth opportunity.
- Fixed term up to 5 years with fixed rates
- No credit checks to see if you are eligible
- Security may be required when accessing over $150K in Prospa funding
- Minimum $1M annual turnover and 3 years trading to apply
Line of Credit
Ongoing access to up to $500K to keep your business moving.
- Renewable 24 month term
- Fast decision and funding possible in 24 hours
- Only pay interest on what you use
- Access funds 24/7 with the Mobile App
- Minimum $6K monthly turnover and minimum 2 years trading history to apply
Specialist hospitality lenders here to help
With the help of a dedicated loan broker, we’ll help you to find the right finance product to consolidate your business growth and develop a strong, stable business.
We have helped tens of thousands of businesses to thrive so far. We’re not like your average commercial loan provider, we’ll work one on one with you to help you reach your goals.
Funding for hospitality businesses:
- Rebranding
- Opening a new franchise
- Building up local connections
- Managing staff during peak periods
- Hiring seasonal casuals
- Replenishing vital stock
- Settle supplier accounts
- Keep payroll running smoothly
Why Prospa? It’s today’s way to borrow.
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.
Choice
Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours.
Support
Confidence
Customers making it happen with a Prospa loan
Read customer stories
Awards, thanks to your support
It's nice to know we're doing something right
| Year | Award | Category |
|---|---|---|
| 2024 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, Best short-term loan |
| 2024 | FINNIES Fintech Australia Awards | Finalist, Excellence in Business Lending |
| 2024 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, Best SME loans less than $250K |
| 2024 | Great Place to Work | Recognised as one of the Top 10 Best Workplaces in Technology |
| 2024 | Work180 | Recognised by WORK180 as one of Australia’s top 101 workplaces for women |
