Prospa

About Prospa

Prospa is an online and alternative business loan provider that has been operating since 2011. It was awarded the 31st position in Fintech’s top 100 for 2016 and has certainly been shaking things up in the Australian lending market.

Lending to Micro and Small Businesses

As a micro or small business owner you likely know very well just how hard it is to secure any form of business finance solution from a bank.

This is where a tech company like Prospa will come in. They offer the small businesses, which cannot generally secure bank finance, flexible credit of, on average, around $25,000 per business.

Awards and Innovation

Apart from being one of the fastest growing companies in the country, Prospa has won multiple awars including having won the Australian 2015 Deloitte Asia Tech Fast50 and 3rd in the Asia Deloitte Tech Fast500.

They are one of Australia’s leading alternative credit providers and have won and been nominated for a number of awards in the technology and financial spheres.

Their website is simple and easy to navigate and their products are a flexible, affordable and can be applied for online.

What Prospa can offer you

Prospa is an alternative business lender that offers loans to small businesses – particularly those which the large banks overlook and decline.

They offer loans from $5,000 to $150,000 and loan terms which range from 3 months to a year.

Need more than $150,000?

Although their average loan is $25,000 – Prospa’s team is willing to consider loan applications for amounts exceeding their $150,000 loan maxima. All you have to do is simply give them a call or send them an email to discuss your needs.

You can Apply Online

There are still so many business credit providers that do not have a website and even more that do, but, do not have an online loan application process.

Prospa, as can be expected, has one of the fastest and most streamlined online applications in the country.

It will take you only 10 minutes to make your loan application and, you will hear from them almost immediately.

Get your Business Loan in 24 hours

Prospa is serious about speed and will very likely credit your approved loan to your business bank account the day after you made your initial application.

If you need to seize a good business opportunity and need cash fast – this lender is the best choice.



In a Nutshell

  •  Loan minimum $5,000
  •  Loan maximum $250,000
  •  Loan term minimum 3 months
  •  Loan term maximum 12 months
  •  Average processing time 24 hours
  •  Online application
  •  Unsecured loan option
  •  Secured loan option


A Small Business Loan – Unsecured and Approved in Minutes!

One of the most unique things about Prospa is that they work with loan brokers and actually invest a lot of time and effort into helping them grow by getting online.

They embrace brokers and have thousands working with them from all over the country.

Apply Directly with Prospa

Completing their online loan application is really simple and quick. In addition, for unsecured small business loans you do not need to provide a mountain of supporting documents.

If you want better and faster service than you’ll get from a bank – use Prospa.

Supporting Documents for Loans Under $50,000

If you’re looking for a small business loan of less than $50,000 you need only provide a driving license, your ABN, your BSB and the account details for your main business trading account.

If you’re looking for a loan exceeding $50,000 you will also have to provide financial statements.

You can either provide them with PDF’s of your financial documents or provide them with the necessary details to access and verify your bank details online.


Eligibility & Requirements


Other Products & Services

  • Business Finance

Contact Details

 Visit Website Apply Directly

Address

 Physical Address

  • Level 2, 4-16 Yurong Street, Sydney, NSW , 2000, Australia