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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.

Business LoansWorking Capital Finance
Source dated 23 Sept 2026
Amount
$500K to $1M
Term
Up to 5 yrs
Rate
Rate available on application
Security
Property-secured
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Product details

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

Loan amount
$500K to $1M
Rate
Rate available on applicationFixed rate; no rate percentage is published
Rate type
Fixed
Term
Up to 5 yrs
Security
Property-secured
Structure
Term loan
Fees
Origination fee 2% to 3.5% · Qantas Points option adds 1% to the origination fee · Registration fee may apply for funding over $150K
Repayment frequency
Weekly
Early repayment
Unlimited extra repayments at no cost; early payout fee of 1.5% of the remaining principal
Time trading
3+ years trading
Turnover
$2M+ annual turnover
Documents
12 months bank statements, financial statements (last two years of financial reports) and ATO portal access
Guarantees
Personal guarantee from directors or owners; a charge over assets may apply above $150K total exposure or on default
Funding time
Funds in less than an hour from signing, subject to approval
Restrictions
Owner must be 18+ and an Australian citizen or permanent resident. Upfront property security required; LVR up to 100%
How to apply
Direct with the lender, or through us
Suitable purposes
GrowthCash flow

About Business Loan Plus

Prospa publishes these details for Business Loan Plus: structure term loan; loan amount $500K to $1M; term up to 5 yrs; security property-secured; time trading 3+ years trading; turnover $2M+ annual turnover. Not published by Prospa for this product: maximum LVR. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other Prospa products

  • Business Line of Credit: Structure is term loan here and line of credit for Business Line of Credit; loan amount is $500K to $1M here and $2K to $500K for Business Line of Credit; Prospa publishes term (up to 5 yrs) for this product but not for Business Line of Credit; security is property-secured here and varies for Business Line of Credit.
  • Small Business Loan: Loan amount is $500K to $1M here and $5K to $500K for Small Business Loan; security is property-secured here and varies for Small Business Loan; time trading is 3+ years trading here and 6+ months trading for Small Business Loan; turnover is $2M+ annual turnover here and $6K+ monthly turnover for Small Business Loan.

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Source dated 23 Sept 2026
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Source dated 23 Sept 2026
Details for Prospa Small Business Loan

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