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.

From lender's website, 23 Sept 2026

Product details

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

Loan amount: $5K to $500K
Rate: Quoted on applicationFixed 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

Sources and freshness

Version 2, effective 23 Sept 2026. Data review pass: conflicts rechecked against the lender website.

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