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The Business Loan Store

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.

From lender's website, 23 Sept 2026
Amount
$500K to $1M
Term
Up to 5 yrs
Rate
Quoted on application
Security
Property-secured

Product details

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

Loan amount
$500K to $1M
Rate
Quoted 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

More from 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.

Amount
$2K to $500K
Term
Not published
Security
Varies
Rate
Quoted on application
Repayments
Weekly
Trading
2+ years trading
From lender's website, 23 Sept 2026
Details for Prospa Business Line of Credit

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

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