Same Day Business Loan

Same Day Business Loan

A same day business loan is a business finance product paid in one lump sum, directly into your business account within 24 hours of submitting your initial application. It’s an important feature for many businesses as it enables them to have the finance quickly to take advantage of opportunities.

Prospa offers customers the opportunity to apply for a business loan of up to $150K. Applications take under 10 minutes to complete online and we offer fast decisions, which means that (if approved) you could have the funds for your next business loan within just 24 hours of your application.

A Prospa Small Business Loan can be used for business purposes like renovations or equipment upgrades, new sites and branches, investing in new products or research and development opportunities, as well as helping to maintain healthy cash flow.

We specialise in offering Australian businesses the opportunity to access funding quickly. We have already helped over 29,400 businesses, investing over $1.65 billion into local businesses throughout country.

Find out more about Prospa

Talk to Australia’s #1 online lender to small business

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.

Flexibility

Fast application and decision, and funding possible in 24 hours on flexible options up to $500K.

Support

A dedicated Business Lending Specialist will get to know you and your business and provide a personalised solution.

Confidence

Join thousands of Aussie small businesses who thrive with the support of Australia’s #1 online lender to small business.

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

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

See more awards

FAQs

Frequently asked questions

We can often provide a response in as little as one hour – as long as you apply during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements it may take a little longer.

Often, you can have the funds in your account in as little as 1 hour after settlement.

For a Business Loan or Line of Credit up to $150K, you must have:

  • From 6 months trading history
  • Monthly turnover of $6K
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

For a Business Loan or Line of Credit over $150K, you must have:

  • Minimum 2 years trading history
  • Annual turnover of $1M
  • Property or asset ownership
  • Business owners must be 18+ years
  • Business owners must be an Australian citizen or permanent resident

Prospa considers the health of a business to determine creditworthiness. For Small Business Loans or Business Lines of Credit up to $150K, no asset security is required upfront to access. And provided you continue to meet your loan obligations (as detailed in your contract), asset security won’t be required.

For funding over $150K, or where your combined exposure to our products exceeds $150K, property ownership required, and asset security may be required.

We offer Business Loans or Line of Credit up to $500K, however the total amount of your loan will depend on the specific circumstances of your business.

We consider a variety of factors to determine the health of your business and based on this information we will make an assessment on how much you can borrow.

Use our loan calculator to discover much you could afford to borrow.

Other questions? Talk to a specialist