Prospa business loans

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Last updated 2 May 2025 Important disclosures

Prospa business loans

  • Prospa Plus Business Loan

    Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.

    Interest rate
    Upfront fee
    Funding speed
    Interest rates vary based on risk.
    3.5%
    from 24 hours
    Go to site
    Details
  • Business Line of Credit

    Interest rate
    Upfront fee
    Funding speed
    On application
    3.5%
    24 hours
    No Partner link
    Details
  • Small Business Loan

    Interest rate
    Upfront fee
    Funding speed
    Interest rates vary based on risk.
    3.5%
    from 24 hours
    No Partner link
    Details

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Business loan quick links

FAQs

How do I apply for a Prospa Business Loan Plus?

You can apply online in about 10 minutes. You'll need:

  • Driver's licence
  • Business details including ABN and ownership information
  • Basic financial statements (P&L and cashflow)
  • Property ownership details for loans above $150K
What are the minimum requirements for a Prospa Business Loan Plus?

To qualify, you must:

  • Have a minimum annual turnover of $1 million
  • Have been trading for at least 3 years
  • Have an active ABN
  • Own property if borrowing above $150K in total Prospa funding.
How quickly can I receive funds from Prospa?

For Business Loan Plus applications, pre-approval decisions can be made within 6 hours. Once approved and documents are signed, funds can be received within one business day, Prospa says. Some loans have been approved within 24 hours, though 2-3 days is more typical for final approval.


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