Short Term Business Loans
We are Australia’s #1 online lender offering short term business loans with flexible options and terms designed to help your company grow and succeed. Our short term business loans are designed to work with you and your business. Unlike the big lenders, we invest in your company’s growth providing a client-focused approach that has helped us maintain a 4.8/5 TrustScore.
By providing short term business loans to our clients, we have helped local Aussies achieve their goals and business outcomes.
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
How can we help you to achieve your dreams?
- Business renovations
- Purchasing new or updated equipment/software
- Improving infrastructure
- Expanding your stock levels/range
- Purchasing new assets
With Prospa you can borrow anything between $5K and $150K across loan terms from 3 – 36 months. No asset security required upfront to access Prospa funding up to $150K. We offer cash flow friendly repayment terms ensuring that the funds you have borrowed to grow your business help to keep it expanding. Prospa has already provided over $1.65 billion to over 29,400 Australian businesses.
Our online application process takes about 10 minutes and will usually provide you with your approval within the hour. There is no unnecessary paperwork. No tedious back and forth. You can apply online and receive the funds you need to grow and expand your business in next to no time.
Flexibility
Support
Confidence
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
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 |
