Short Term Business Loans
Get the financial boost you need to flourish
Prospa Small
Business Loan
- Borrow from $5K up to $150K as a lump sum over a fixed term of up to 36 months.
- Minimum $6K monthly turnover and minimum trading history periods apply.
- Great for managing cash flow, buying stock and equipment, or covering unexpected expenses.
Prospa Business
Loan Plus
- Borrow from $150K up to $500K as a lump sum over a fixed term of up to 36 months.
- Minimum $1 million annual turnover and 3 years trading to apply.
- Often used for funding growth, renovations and refits, or equipment purchases.
Prospa Business
Line of Credit
- Get ongoing access to funds up to $150K and only pay interest on the funds you use.
- Minimum $6K monthly turnover and minimum trading history to apply.
- Ideal for managing cashflow and unexpected expenses.
Short Term Business Loans
Short term business loans from Prospa could you help you to realise your business potential by providing the cash injection your business needs to meet the demands of a growing market and truly flourish. Short term business loans can help you achieve a range of dreams like:
- Updating your shopfront, workshop space or office.
Give your shop a facelift or invest in a more efficient workshop space with the latest technology and machinery. - Stock up before peak sales periods.
Are you expecting big sales coming into peak periods? Expand your stock and inventory ahead of time. - Rebranding your business.
Rebrand your business with an updated logo and new marketing materials. Launch your new brand with a broad scale marketing campaign and advertising space.
Whatever you need your short term business loans for, Prospa is here to help. We have maintained our 4.9/5 TrustScore rating by putting our business customers first and offering flexible loans options which help to build your business growth. Our repayment terms are cash flow friendly and we don’t charge penalties on early payouts.
Our focus is on providing fast and friendly service for clients. Your application will take 10 minutes and you could receive you approval within the hour. When applying during business hours, you could even have your funds transferred as quickly as 24 hours later.
Why Prospa?
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
How our customers have put their funds to work
Read Customer StoriesAwards, thanks to your support
It’s nice to know we’re doing something right
Year | Award | Category |
---|---|---|
2023 | Great Place to Work | Recognised as one of the Top 20 Best Workplaces |
2023 | Great Place to Work | Certified |
2023 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, SME under $250K Loan of Choice |
2023 | The Adviser Magazine's Product of Choice: Non-Banks Survey | Winner, SME over $250K Loan of Choice |
2023 | Contact Centre Magazine | Winner, Top 100 Influencers in the Contact Centre Industry |