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        Larger loans of $150K – $500K
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        Ongoing access to funds up to $150K
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Which product are you interested in?

Apply for funds

Small business lending to match your business needs

Open an account

A business transaction account to help you manage cash flow
Compare our products
Select Product #1
  • Prospa Business Loan Plus
  • Prospa Small Business Loan
  • Prospa Business Line of Credit
Select Product #2
  • Prospa Business Loan Plus
  • Prospa Small Business Loan
  • Prospa Business Line of Credit
Best for when you need
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
Revolving access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
Eligibility
  • Minimum $1M annual turnover
  • 3 years trading history
  • Active ABN and valid driver’s licence
  • Good credit history
  • Minimum trading history applies
  • Over $5,000 monthly turnover
  • Active ABN and valid driver’s licence
  • Good credit history
  • Minimum trading history applies
  • Over $5,000 monthly turnover
  • Active ABN and valid driver’s licence
  • Good credit history
  • Minimum $1M annual turnover
  • 3 years trading history
  • Active ABN and valid driver’s licence
  • Good credit history
  • Minimum trading history applies
  • Over $5,000 monthly turnover
  • Active ABN and valid driver’s licence
  • Good credit history
  • Minimum trading history applies
  • Over $5,000 monthly turnover
  • Active ABN and valid driver’s licence
  • Good credit history
Asset security
Upfront asset security required
Charge over the applying business entity(ies)
Not required
Not required
Upfront asset security required
Charge over the applying business entity(ies)
Not required
Not required
Loan size
From $150,000 - $500,000
Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus
Up to $150,000
From $150,000 - $500,000
Up to $150,000. If you need more than this, consider a Prospa Business Loan Plus
Up to $150,000
Loan term
Both products are 3 – 36 months
Both products are 3 – 36 months
24 months
Both products are 3 – 36 months
Both products are 3 – 36 months
24 months
Interest
Fixed interest rate
Both products do not require Asset security Fixed interest rate
Both products do not require Asset security Interest calculated on the funds you use, not on the limit.
Fixed interest rate
Both products do not require Asset security Fixed interest rate
Both products do not require Asset security Interest calculated on the funds you use, not on the limit.
Payments structure
Both products can be repaid in a Receive your full loan amount as a lump sum
Both products can be repaid in a Receive your full loan amount as a lump sum
Use and reuse as often as you like during the 24 month renewable term
Both products can be repaid in a Receive your full loan amount as a lump sum
Both products can be repaid in a Receive your full loan amount as a lump sum
Use and reuse as often as you like during the 24 month renewable term
Repayment frequency
Both products can be repaid Daily or Weekly
Both products can be repaid Daily or Weekly
Both products are repaid weekly Weekly
Both products can be repaid Daily or Weekly
Both products can be repaid Daily or Weekly
Both products are repaid weekly Weekly
Online access
Both products can be accessed through the Prospa App and Prospa Online
Both products can be accessed through the Prospa App and Prospa Online
Both products can be accessed through the Prospa App and Prospa Online
Both products can be accessed through the Prospa App and Prospa Online
Both products can be accessed through the Prospa App and Prospa Online
Both products can be accessed through the Prospa App and Prospa Online
Dedicated lending specialist
Visa debit card not available Yes
Visa debit card not available Yes
Yes
Visa debit card not available Yes
Visa debit card not available Yes
Yes
Visa debit card
No
Dedicated lending specialist not available No
No
No
Dedicated lending specialist not available No
No
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