Short Term Business Loans
Get the financial boost you need to flourish
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
Short Term Business Loans
Short term business loans from Prospa could you help you to realise your business potential by providing the cash injection your business needs to meet the demands of a growing market and truly flourish. Short term business loans can help you achieve a range of dreams like:
- Updating your shopfront, workshop space or office.
Give your shop a facelift or invest in a more efficient workshop space with the latest technology and machinery. - Stock up before peak sales periods.
Are you expecting big sales coming into peak periods? Expand your stock and inventory ahead of time. - Rebranding your business.
Rebrand your business with an updated logo and new marketing materials. Launch your new brand with a broad scale marketing campaign and advertising space.
Whatever you need your short term business loans for, Prospa is here to help. We have maintained our 4.8/5 TrustScore rating by putting our business customers first and offering flexible loans options which help to build your business growth. Our repayment terms are cash flow friendly and we don’t charge penalties on early payouts.
Our focus is on providing fast and friendly service for clients. Your application will take 10 minutes and you could receive you approval within the hour. When applying during business hours, you could even have your funds transferred as quickly as 24 hours later.
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
Why Prospa?
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 |
