Skip to content
The Business Loan Store
Prospa logo

Prospa 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.

Business LoansCashflow LoansWorking Capital Finance
Source dated 23 Sept 2026
Amount
$5K to $500K
Term
Up to 5 yrs
Rate
Risk-based pricing
Security
Varies
Enquire about this product

Product details

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

Loan amount
$5K to $500K
Rate
Risk-based pricingFixed rate; pricing is risk-based and set out in your customised offer
Rate type
Fixed
Term
Up to 5 yrs
Security
Varies
Structure
Term loan
Fees
Origination fee up to 3.5% · Qantas Points option adds 1% to the origination fee · No additional fees as long as repayments are made on time
Repayment frequency
Weekly
Early repayment
Unlimited extra repayments at no cost; early payout adds 1.5% of the remaining principal plus any outstanding fees
Time trading
6+ months trading
Turnover
$6K+ monthly turnover
Documents
ID, ABN and bank details; 6 months bank statements; ATO portal access over $100K; P&L and cashflow statements over $250K
Guarantees
Personal guarantee from directors or owners; a charge over assets may apply above $150K total exposure or on default
Funding time
Response often in as little as 1 hour; funds often within 1 hour of settlement
Restrictions
Owner 18+ and an Australian citizen or permanent resident. No upfront property security up to $150K; property or assets required above
How to apply
Direct with the lender, or through us
Suitable purposes
Cash flowGrowthStockEquipmentSomething else

About Small Business Loan

Prospa publishes these details for Small Business Loan: structure term loan; loan amount $5K to $500K; term up to 5 yrs; security varies; time trading 6+ months trading; turnover $6K+ monthly 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 $5K to $500K 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; time trading is 6+ months trading here and 2+ years trading for Business Line of Credit.
  • Business Loan Plus: Loan amount is $5K to $500K here and $500K to $1M for Business Loan Plus; security is varies here and property-secured for Business Loan Plus; time trading is 6+ months trading here and 3+ years trading for Business Loan Plus; turnover is $6K+ monthly turnover here and $2M+ annual turnover for Business Loan Plus.

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 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
Rates and other criteria
Rate
Rate available on application
Repayments
Weekly
Trading
2+ years trading
Source dated 23 Sept 2026
Details for Prospa Business Line of Credit

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

Similar products from other lenders

Non-bank business lender

Bizcap Small Business Loan

Short-term loan over 3 to 12 months for small businesses funding cash flow, stock, equipment or growth, repaid daily or weekly.

Amount
$5K to $7.5M
Term
3 mths to 1 yr
Security
Varies
Rates and other criteria
Rate
Rate available on application
Repayments
Daily, Weekly
Trading
4+ months trading
Source dated 23 Sept 2026
Details for Bizcap Small Business Loan
Non-bank business lender

Moula Business Loan

Term loan from $10K to $500K over 3 months to 5 years, with fortnightly repayments, for cash flow, stock, equipment, ATO debt or growth.

Amount
$10K to $500K
Term
3 mths to 5 yrs
Security
Varies
Rates and other criteria
Rate
15.99% to 35.99% APR
Repayments
Fortnightly
Trading
12+ months in business
Source dated 23 Sept 2026
Details for Moula Business Loan
Non-bank business lender

Lumi Small Business Loan

Small business loan up to $1M, with weekly repayments, for funding cash flow, stock, equipment or growth.

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 Small Business Loan
Non-bank business lender

Banjo Loans Business Loan Excel

Term loan from $20K to $2M over 6 months to 5 years for established businesses funding stock, growth or cash flow.

Amount
$20K to $2M
Term
6 mths to 5 yrs
Security
Varies
Rates and other criteria
Rate
Rate available on application
Repayments
Weekly, Fortnightly, Monthly
Trading
2+ years trading
Source dated 23 Sept 2026
Details for Banjo Loans Business Loan Excel

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