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Compare Business Loans
Small Business Loan
Quick access to $5K – $150K
Business Loan Plus
Larger loans of $150K – $500K
Line of Credit
Ongoing access to funds up to $500K
Business Account
A free, easy-to-use everyday transaction account
Bill Pay
Easily manage and pay bills
Sync to Xero
Connect transactions to save time and reduce admin
Prospa App
Manage your cash flow wherever your business takes you
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Partners
Connect your SME clients with the funding they need.
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At Prospa, we’re pioneers of simple, stress free and seamless financial management.
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Small business lending to match your business needs
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A free transaction account to help you manage your cash flow
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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
Business Loan Plus
Small Business Loans
Line of Credit
Select Product #2
Business Loan Plus
Small Business Loans
Line of Credit
Business Loan Plus
Small Business Loans
Line of Credit
Business Loan Plus
Small Business Loans
Line of Credit
Best for when you need
Funds for bigger plans
Fast access to funds
To build cash flow confidence
Funds for bigger plans
Fast access to funds
To build cash flow confidence
Eligibility
Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history
Minimum trading history applies
Over
$6K
monthly turnover
Active ABN and valid driver’s licence
Good credit history
Minimum trading history applies
Over
$6K
monthly turnover
Active ABN and valid driver’s licence
Good credit history
Minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history
Minimum trading history applies
Over
$6K
monthly turnover
Active ABN and valid driver’s licence
Good credit history
Minimum trading history applies
Over
$6K
monthly turnover
Active ABN and valid driver’s licence
Good credit history
Asset security
Security may be required when accessing over $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
Security may be required when accessing over $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
Loan size
From $150K to $500K
From $5K to $150K
From $2K to $500K
From $150K to $500K
From $5K to $150K
From $2K to $500K
Loan term
Both products are
Up to 5 years
Both products are
Up to 3 years
2 years, with option to renew
Both products are
Up to 5 years
Both products are
Up to 3 years
2 years, with option to renew
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
Receive your full loan amount as a lump sum
Both products can be repaid in a
Receive your
Receive your full 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
Receive your full loan amount as a lump sum
Both products can be repaid in a
Receive your
Receive your full 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
Weekly
Both products can be repaid
Weekly
Both products are repaid weekly
Only pay interest on what you use + weekly service fee 0.0046%
Both products can be repaid
Weekly
Both products can be repaid
Weekly
Both products are repaid weekly
Only pay interest on what you use + weekly service fee 0.0046%
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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