Prospa is a leading online lender for small businesses in Australia and New Zealand. With over 12 years of experience and more than $4 billion in loans funded to over 50,000 businesses, Prospa offers a suite of financial products designed to simplify cash flow and support business growth. Its platform and mobile app provide seamless access to funding and financial tools.

Features

• Business Loans: One-off lump sum funding from $5K to $500K for various business needs such as growth, renovations, inventory, and equipment.
• Line of Credit: Ongoing access to funds from $2K to $500K with interest charged only on the amount used.
• Business Account: A free everyday transaction account offering full control over business finances.
• Prospa App:
  • Real-time balance and transaction tracking
  • Bill Pay and Pay Anyone features
  • Integration with Xero for automated accounting
  • Secure login via Face ID and two-factor authentication
  • Notifications for repayments and funding opportunities

Benefits

• Fast Application & Funding: Applications take around 10 minutes, with funding possible within hours.
• No Upfront Security: Loans up to $150K do not require asset security.
• Flexible Repayment Options: Unlimited extra repayments allowed to reduce interest costs.
• Stress-Free Financial Management: Easy cash flow and bill management via the mobile app.
• Customer-Centric Support: Dedicated lending specialists and a simplified application process.
• Award-Winning Service: Recognized with multiple industry awards for SME lending and employer branding.