SME business loan
SME business loans from Prospa are available from 3 – 36 months. Our application time takes 10 minutes, with funding possible in 24 hours
Unlike the big banks, Prospa is a client-focused lender. Our SME business loans are designed to invest in your company’s growth and provide your business with a client-focused approach which has helped us to maintain a 4.8/5 TrustScore.
As Australia’s #1 lender, our SME business loan terms work with your business. We arrange cash flow friendly repayment options to ensure that you can focus on growing and expanding your business options.
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 could a business loan of up to $150K help your business to grow and expand?
Business renovations can revitalise your business space and refresh your brand. Could a business loan from Prospa help you to lift the face of your business space?
Thousands of Aussies have already reaped the benefits of Prospa’s help to keep their business flourishing.
Your business loan could help you achieve:
- Café renovations
- New signage and advertising space
- Rebrand your business
Looking to upgrade your business? A loan from Prospa can give you the cash you need to invest in the latest technology to keep your business competitive.
Invest in the latest, cutting edge opportunities:
- Software and hardware upgrades
- Kitchen appliances and equipment
- New coffee machines
- New work vehicles
Apply online today for your business loan and let us help your business to prosper and grow with Prospa.
Prospa. Funding solutions to match your business needs
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 you
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 |
