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Just 5 minutes from start to finish

You'll get an immediate response and if you apply before 4pm, funds are available the same business day. It's that easy!


Get a Quote

It's easy. Simply choose your term and loan amount to see minimum repayments based on a typical ProspaScore.

3 months
3 months
12 months
  • Loan amount: $ 5,000
  • Length of loan: 3 months
  • Daily repayments from: $ 79
  • Total repayment: $ 5,225
  • This calculation is an estimate only, for exact amounts you should speak to us. Conditions apply to all loan options and to full or partial repayment.
    Fees and charges also apply and are subject to change. Applications are subject to approval and full terms and conditions will be in the loan offer.

What others say about usSuccess Stories

Courgette Restaurant

"The paperwork is very simple, very easy. The whole thing from start to finish took about two and a half hours.
It doesn't affect your cashflow, it gives you that sense of security.
It’s just one easy payment each week to come out of your bank. You don't even notice."

The Prospa Business Loan Difference

  • Did you Know ?

  • No financial statements required

  • No asset security required

  • Time to apply and response

  • Funds available same day as approval

  • Scheduled daily repayments, that can help manage cash flow

  • Total repayment detailed upfront

  • Prospa
    Business Loan

  • Your Xero data

  • Instant

  • Standard Secured Business Loan*


  • >7 days

  • Standard Business Credit Card*


  • Rarely

  • >7 days

* Refers to products compared at 18 November 2015

  1. Refers to Standard Secured Business Loan.
  2. Refers to Standard Business Credit Card.
    Each compared at 18 November 2015

Your Questions Answered

How does the Xero integration with Prospa work?

Through our integration with Xero we can offer you the easiest possible finance solution for your business. Simply start our online application to set up your account. Share your Xero data securely with Prospa in the cloud and the ProspaScore platform will instantly assess the health of your business. You may be approved for up to $150,000 based on your Xero data alone.

Tell me about the Prospa Business Loan?

Prospa is offering loans of $5,000 to $150,000 to Xero users. The term of the loan is between three and twelve months and the cashflow friendly repayments are either daily or weekly.

How is the Prospa Business Loan different from a traditional business loan?

You can apply for the Prospa Business Loan using your Xero data and receive a response immediately. Application is 100% online and funds can usually be provided the same business day. Traditional business loans reference an interest rate per annum plus other fees and charges. The Prospa Business Loan details the total amount payable upfront inclusive of any interest, fees or charges that is then broken down into either a daily or weekly repayment figure.

How fast will I get a response?

We can provide a response instantly when you share your Xero data securely with Prospa in the cloud.

How fast will I get the money?

We know growing your business is important, so Prospa will work hard to get money to you as soon as possible. If you apply before 4pm on a business day and your application is approved, we can usually have money in your account the same business day.

How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. The ProspaScore platform looks at a variety of factors to determine the health of your business - including your Xero data - and based on this information, Prospa may be able to provide you a loan amount up to $150,000. For amounts above $150,000 please contact our team direct on 1300 882 867.

What are the fees?

We know fees can be confusing so we made it simple and transparent – there are no hidden fees and the amount due from day one includes the establishment fee. There are no additional fees (excluding any late payment or default fees) and no penalties for early repayment.

What is the interest rate?

Prospa doesn't charge interest because terms are usually less than 12 months. Instead we offer a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the loan is originated.

What can the Prospa Business Loan be used for?

We're totally committed to helping small businesses access the funds they need to grow. Our fast flexible funding can be used for business renovations, marketing, to purchase inventory, new equipment, general working capital and much more.

Is there any penalty for early repayment?

There are no fees for early repayment and no balloon payment at the end of your loan. We are totally transparent with our customers about the total amount due and the date of the final payment. Once you make the final payment your balance will be $0.

How do repayments work?

It's important to offer you easy ways to pay back your loan. We offer daily or weekly repayments that are automatically deducted from your nominated business account, to help you avoid missing repayments.

What is a ProspaScore?

Prospa uses a proprietary lending platform developed specifically for Australian small businesses. The platform analyses over 400 data points to assess the health of a business and provides a ProspaScore used to determine approvals and rates.

Is it safe to link my bank account to the ProspaScore platform?

Yes. We are compliant with all applicable Australian quality and security standards. We also encrypt all personal, sensitive and financial data. We use an advanced bank verification system link to instantly verify your Xero information online so we can provide an immediate response.

Customer Satisfaction Rate 95% (We're aiming for 100%)

Our customers rely on us. We've already helped thousands of them to grow. Prospa is a 2015 Telstra Business Award finalist and the 2015 winner of the Deloittes TechFast50 Australia. We've been in the news – here are our stories.

  • Prospa ranks 20 in the BRW Fast Starters list 2015. Australia is obviously taking notice.

  • Capital raising of $60m is the largest to date by an online lender in Australia.

  • Their ideas, their grasp of what the market wants, and their ability to deliver is simply awesome.

  • We looked at many Fintech companies but Prospa stood out from the crowd as a market leader.

  • Making it easy for small business owners with very simple, data-driven online lending.

  • The emergence of different kinds of funding is very welcome and has shaken the tree of the big banks.

  • Small business owners often find it difficult to apply and obtain timely funding. That's why we're working with Prospa.

  • The best of the post-GFC fintech start-ups are starting to pull clear of the pack of also-rans.

About Prospa

Prospa is Australia's leading online small business lender.

  • Borrow up to $150,000 in funds for any business purpose.
  • It's all online, so you don't need to queue at your bank. Our application takes less than ten minutes, we can respond immediately and fund same day.
  • We move as fast as you do. Don't miss business opportunities waiting for a response.
  • The team at Prospa give exceptional customer service. We're here to help small businesses to grow.

Call us on 1300 882 867 or get started now.

About Xero

Xero is easy to use online accounting software that's designed specifically for small businesses.

  • It's all online, so you can work when and where you want to. Just login with your PC, Mac or mobile.
  • Your bank statements are automatically imported and categorized, letting you see your cash flow in real time.
  • Invite your team and work together on financials. You can collaborate over your up to date numbers.
  • Xero has all you need to run your business – including invoicing, paying bills, sales tax returns, reporting and much more.

Find out more or try Xero Accounting Software for free.