Small Business Loans NSW
Get fast access to up to $150K to keep your business moving. Apply in 10 minutes with minimal paperwork and funding possible in hours.
- Fast decision & finding possible in 24 hours
- Fixed term up to 3 years with fixed rates
- No property security required upfront to access Prospa funding up to $150K
Why NSW Businesses Choose Prospa for Flexible Financing
- Economic Variability: Metropolitan businesses may grow rapidly but face stiff competition, while regional businesses often rely on seasonal demand, impacting cash flow stability.
- Infrastructure Development: Ongoing projects present opportunities for contractors but require upfront investments that can strain finances.
Prospa understands these unique dynamics and offers:
- Fast Approval and Funding: Receive funding decisions often within 24 hours, allowing you to seize opportunities as they arise.
- Unsecured Loans: Access up to $150K without needing to provide collateral.
- Personalized Support: Work with loan specialists who understand the NSW market.
Ready to elevate your business? Let Prospa help you secure the funding you need to succeed.
Funding possible within hours
Apply in 10 minutes with minimal paperwork
No need to put your house or other assets down as security to access up to $150K in Prospa funding
Make unlimited extra repayments to save on interest and pay off your loan faster
Tailored Funding Solutions for NSW's Leading Industries
Working Capital Loans
Ideal for covering operational expenses such as rent, utilities, and staff wages.
- Trades: Manage day-to-day costs during slower periods or between contracts.
- Retail: Maintain inventory levels to meet customer demand, especially during peak seasons.
- Professional Services: Cover operational costs while awaiting client payments.
Equipment Financing
Perfect for upgrading or purchasing new equipment without depleting your cash reserves.
- Trades: Invest in advanced tools or machinery to enhance service delivery and efficiency.
- Retail: Acquire point-of-sale systems or display fixtures to improve customer experience.
- Professional Services: Finance office equipment or technology that streamlines operations.
Business Line of Credit
A flexible financial tool that allows you to draw funds as needed, making it ideal for managing cash flow gaps.
- Trades: Provide a safety net during unexpected delays in project payments.
- Retail: Quickly respond to inventory shortages or seasonal spikes in demand.
- Professional Services: Cover client acquisition costs or marketing expenses without impacting operational cash flow.
Ready to find the perfect loan for your NSW business? Explore your options with Prospa and apply today!
Case Study: Manly Bikes Overcomes Challenges with Prospa's Support
Francisco Furman, owner of Manly Bikes in Sydney, faced significant challenges due to the pandemic and theft. Tourism, his main revenue source, declined sharply, and he needed funds quickly to purchase stock and sustain his business.
How Prospa Helped:
- Fast Funding: Accessed funds within hours through Prospa's quick application process.
- Business Continuity: Maintained supplier relationships and expanded online offerings.
- Outcome: Successfully navigated through difficult times and continued to innovate.
"Prospa saved the day," Francisco noted. "Their support allowed me to overcome challenges and keep my business thriving."
Read the full story here
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Apply in minutes
Apply in minutes
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Get a fast decision
Get a fast decision
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Access your funds
Access your funds
Success Story: Tax for Tradies Expands with Prospa's Flexible Loans
Background: Michael Gallagher launched Tax for Tradies to help tradespeople manage their finances more effectively. As the brand expanded to include Tax for Nurses and Tax for Doctors, he needed funds to cover office rent and hire additional staff.
How Prospa Helped:
- Flexible Financing: Obtained loans and a line of credit without the scrutiny of traditional lenders.
- Business Growth: Expanded services and increased market reach.
- Outcome: Achieved sustainable growth and continued to support more professionals.
Learn more about Michael's journey and how Prospa facilitated his business expansion.
Read the full story here
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
Application process for Prospa business loans
Begin by assessing your financial requirements and determining the loan amount you need. Evaluate whether you meet the eligibility criteria. To apply with Prospa, for example, you need to be an Australian citizen or permanent resident aged over 18 years with a valid ABN/CAN and a minimum monthly turnover of $6K. For many lenders, you may also need to have business plan, revenue projections and credit history to understand your eligibility.
Submit a loan application online. Many financial services providers require lengthy forms but at Prospa the application takes under 10 minutes. You may need to provide financial statements, business details, and other relevant documents.
At Prospa, our team of business lending specialists will guide you through the application process and help you gather all the necessary information – including at a minimum your driver licence, ABN, BSB and account number.
Our team of experts will review your application promptly, considering various factors such as creditworthiness, business viability, and repayment capacity.
Once your loan application is approved, we’ll guide you through the terms and conditions, ensuring clarity and understanding before settling your loan.
Once your loan is approved, the funds are automatically transferred and could be in your account as soon as the next business day.
The Small Business Funding Experts
At Prospa, we are proud to be recognised as leading experts in small business funding in New Zealand. Our commitment to supporting entrepreneurs has earned us several prestigious accolades, including the Deloitte Fast 50 awards for our rapid growth and innovation.
We are dedicated to simplifying the financing process for small businesses, ensuring that our tailored solutions meet the unique needs of the New Zealand market. With our expertise and focus on customer success, Prospa is the trusted partner you can rely on to unlock your business's potential.
Ready to take your business to the next level? Contact us today to explore your financing options.
Customers making it happen with a Prospa loan
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 |
