Invoice finance
With Prospa’s support you can concentrate on finding and expanding new business opportunities. We help small businesses by offering easy invoice finance alternatives and providing your accounts with the funds you need within 24hrs of your approved application. All of our finance products are available online so it’s quick and easy to apply, get approved and get the funds you need.
Working with your accounting software, we receive an accurate picture of your business financials instantly and offer products which can either loan the value of the invoices you have currently outstanding, or by discovering new and alternative small business finance options which give you more flexibility to expand and consolidate your growth opportunities. We ensure that your data is kept secure with bank-level encryption and we never share your information with third parties.
Our customers rely on us to help them grow. We won’t slow you down with additional paperwork or lengthy delays.
You may be familiar with invoice factoring products on offer from other business finance providers. With Prospa, our products advance your business 100% of the funds that your accounts need, when you need them. With easy repayment options which work with your business, Prospa assists your business health by maintaining the cash flow you need to optimise your accounts management.
If you think your business could benefit from one of our finance options, then chat with a consultant online today. Our team can help you reach the best finance product available for your small business. Join over 29,400 customers we have already helped and grow your business with Prospa.
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
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 12 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 12 months trading to apply
Why Prospa? It’s today’s way to borrow.
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
How our customers have put their funds to work
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 |
