Skip to content
The Business Loan Store
Prospa logo

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
Source dated 23 Sept 2026
Amount
$2K to $500K
Term
Not published
Rate
Rate available on application
Security
Varies
Enquire about this product

Product details

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

Loan amount
$2K to $500K
Rate
Rate available on applicationFixed rate charged weekly on funds used; no rate percentage is published
Rate type
Fixed
Security
Varies
Structure
Line of credit
Fees
Weekly service fee of 0.046% of the facility limit · No origination or establishment fee
Repayment frequency
Weekly
Time trading
2+ years trading
Turnover
$6K+ monthly turnover
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
Not published by Prospa
term, early repayment, documents
Suitable purposes
Cash flowStock

About Business Line of Credit

Prospa publishes these details for Business Line of Credit: structure line of credit; loan amount $2K to $500K; security varies; time trading 2+ years trading; turnover $6K+ monthly turnover; funding time funds often in as little as 1 hour after settlement. Not published by Prospa for this product: term, maximum LVR, documentation. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other Prospa products

  • Business Loan Plus: Structure is line of credit here and term loan for Business Loan Plus; loan amount is $2K to $500K here and $500K to $1M for Business Loan Plus; term is published for Business Loan Plus (up to 5 yrs) but not for this product; security is varies here and property-secured for Business Loan Plus.
  • Small Business Loan: Structure is line of credit here and term loan for Small Business Loan; loan amount is $2K to $500K here and $5K to $500K for Small Business Loan; term is published for Small Business Loan (up to 5 yrs) but not for this product; time trading is 2+ years trading here and 6+ months trading for Small Business Loan.

Want us to do the searching?

Tell us about your business. A business finance specialist can help you narrow down your options, saving you time and helping you avoid unnecessary applications.

Get matched

Getting matched does not involve a credit enquiry

More from Prospa

Business Loan Plus

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

Amount
$500K to $1M
Term
Up to 5 yrs
Security
Property-secured
Rates and other criteria
Rate
Rate available on application
Repayments
Weekly
Trading
3+ years trading
Source dated 23 Sept 2026
Details for Prospa Business Loan Plus

Small Business Loan

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

Amount
$5K to $500K
Term
Up to 5 yrs
Security
Varies
Rates and other criteria
Rate
Risk-based pricing
Repayments
Weekly
Trading
6+ months trading
Source dated 23 Sept 2026
Details for Prospa Small Business Loan

Similar products from other lenders

Invoice and trade financier

ScotPac Line of Credit

Line of credit up to $500K, sized up to 150% of average monthly sales, with a 2-year redraw period and 2 further years to repay.

Amount
Up to $500K
Term
Up to 4 yrs
Security
Not published
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
12+ months trading
Source dated 23 Sept 2026
Details for ScotPac Line of Credit
Non-bank business lender

Bizcap Line of Credit Ultra

Line of credit from $50K to $500K for higher-revenue businesses, with 0% to 2% interest in the first four weeks.

Amount
$50K to $500K
Term
Not published
Security
Not published
Rates and other criteria
Rate
0% to 2% interest in the first four weeks
Repayments
Not published
Trading
9+ months trading
Source dated 23 Sept 2026
Details for Bizcap Line of Credit Ultra
Non-bank business lender

Lumi Business Line of Credit

Business line of credit up to $1M, with weekly repayments, for businesses managing cash flow.

Amount
Up to $1M
Term
Up to 5 yrs
Security
Varies
Rates and other criteria
Rate
From 15.5% APR
Repayments
Weekly
Trading
6+ months trading
Source dated 23 Sept 2026
Details for Lumi Business Line of Credit
Invoice and trade financier

Earlypay Business Line of Credit

Receivables-backed line of credit from $100K to $10M for cash flow or growth, drawn against eligible invoices.

Amount
$100K to $10M
Term
Not published
Security
Asset-backed
Rates and other criteria
Rate
7.99% to 13.95% p.a.
Repayments
Not published
Trading
Not published
Source dated 23 Sept 2026
Details for Earlypay Business Line of Credit

Start typing to search finance types, lenders, products and guides.