Small business loans
Start your journey online with Prospa today. Applying for your new business loan takes just 10 minutes online. Your approval could be received within the hour and for approved customers your new funds are usually released within 24hrs. You could start making your business dreams a reality the very next day!
So what does your Victorian business need to succeed and how can Prospa help you achieve those dreams?
No matter how big or how small your goals are, in Melbourne or anywhere else in Australia, Prospa is here to help. We have already invested $1.65 billion in small business loans across Australia. Our commitment to your business is about more than just the finance. Your lending specialist will dedicate your loan process to providing the best solution possible. This includes tailoring your repayments to ensure they remain cash flow friendly and not penalising you for early payouts. If your business is prospering then we don’t want to penalise you for it, we want to help you grow even more.
Start your application today or speak with one of our friendly loans experts. If you’re unsure exactly what your business needs to reach the next step, then start talking today. We’ll help you pin down exactly what amount you need to achieve the next level.
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
Prospa. Funding solutions to match your business needs
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
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
Awards, thanks to you
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 |
