Small Business Loans
We have developed a local team of lending specialists who provide client-focused customer service and help to keep acquiring small business loans WA easy and friendly. Getting the most for our customers is Prospa’s commitment to you.
Unlike the big banks and lenders, we offer small business loans WA to local businesses who are ready to expand and are looking for a team of specialists willing to support their growth with tailored lending solutions and dedicated customer service.
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 6 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 6 months trading to apply
How can Prospa help your local WA business?
Let us help you get to the next level with:
- Renovations – facelift for the café? Need new office space for your growing team?
- Fleet vehicles – ensure your vehicles are in top shape or invest in a new fleet of work trucks
- Advertising – looking to rebrand? Trying to reach a bigger market? Advertise nationally with a broad campaign
Whatever your local business needs, whether in Perth or anywhere in Australia Prospa is here to help you get it. Apply online today with our quick and simple online form. You’ll receive your approval within the hour and once approved funds are usually released within 24hrs or the next business day.
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 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 |
