Could 25% of global retail sales be online by 2024?*
Invest in your online capabilities:
Flexible business funding to get you where you need to be
When you’re thinking ‘growth’, don’t let a lack of funds stop you in your tracks. We’ve helped hundreds of retail businesses make their next brave move with our flexible range of cash flow solutions.
Whether you want to build an online empire, invest in next-level POS tech, promote a massive sale, or just enjoy a bit of cash flow backup – talk to Prospa. It takes just 10 minutes to apply online for funds up to $500K, and approved funding is possible in just 24 hours. What are you waiting for?
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
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
Cashflow or Growth. We help retailers with both!
As a business owner operating in the retail industry, you know that cash flow can play a vital role in your business’s day-to-day. Plus, there are times when you might need funds to invest in your business to take it to the next level. Talk to Prospa – we can help you apply for a flexible funding solution for your retail business’s needs – whatever they may be.
Stock
Purchase inventory, introduce a new product, pay in bulk to secure a great discount and increase profit margins.
Improvements
Remodel your physical store, purchase new furniture, update equipment, upgrade to new POS technology, smarten up your interior.
Staff
Pay wages, hire casual staff during busy periods, train new staff, reward staff with incentives.
eCommerce
Build, promote and run an online store to extend your reach and grow your business.
Marketing
Create awareness and acquire more customers through advertising, launching a loyalty program or investing in social media.
And more
Having hassle-free access to funding can help give retailers the freedom to move quickly.
Why Prospa? Because we believe in small business.
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.
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 |
