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Prospa Business Line of Credit

Revolving line of credit from $2K to $500K for businesses managing cash flow or stock, with interest charged only on the funds used.

Cashflow LoansWorking Capital Finance
From lender's website, 23 Sept 2026
Amount
$2K to $500K
Term
Not published
Rate
Quoted on application
Security
Varies
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Product details

As published by Prospa. Details not published by the lender are marked.

Loan amount
$2K to $500K
Rate
Quoted on applicationFixed rate charged weekly on funds used; no rate percentage is published
Rate type
Fixed
Term
Not published
Security
Varies
Structure
Line of credit
Fees
Weekly service fee of 0.046% of the facility limit ยท No origination or establishment fee
Repayment frequency
Weekly
Early repayment
Not published
Time trading
2+ years trading
Turnover
$6K+ monthly turnover
Documents
Not published
Guarantees
Personal guarantee from directors or owners; a charge over assets may apply above $150K total exposure or on default
Funding time
Funds often in as little as 1 hour after settlement
Restrictions
Owner must be 18+ and an Australian citizen or permanent resident. No upfront security up to $150K. Facility reviewed every 2 years
How to apply
Direct with the lender, or through us
Suitable purposes
Cash flowStock

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Property-secured term loan from $500K to $1M over up to 5 years, for established businesses with larger growth or cash flow needs.

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From lender's website, 23 Sept 2026
Details for Prospa Business Loan Plus

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Term loan from $5K to $500K over up to 5 years, with weekly repayments, for small businesses funding cash flow, stock, equipment or growth.

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Rate
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Repayments
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Trading
6+ months trading
From lender's website, 23 Sept 2026
Details for Prospa Small Business Loan

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