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Growth

All ¹⁶
Small business inspiration ⁶
Manage your finances ⁴
Growing your business ³
Day to day hustle ³

01 Apr 2022

Manage your finances
Small business inspiration
Business finance
Cash flow
Community
Growth
Small business loan
Video

How Prospa helped the newly-wed owners of a fruit picking business to thrive

01 Apr 2022

16 Aug 2021

Growing your business
Digital marketing
Growth
Marketing

4 business growth strategies

16 Aug 2021

08 Feb 2021

Manage your finances
Capital
Cash flow
Growth
Small business loan

Business finance: The old ways of borrowing vs today

08 Feb 2021

15 Dec 2020

Growing your business
Business partnership
Growth
Marketing
Product development

Big, bold moves Kiwi small business owners have made in 2020

15 Dec 2020

24 Jul 2020

5 COVID-19 lockdown lessons from NZ small business owners | Prospa NZ

Day to day hustle
Cash flow
COVID-19
Growth
Inspiration
Supply chain

5 important COVID-19 lockdown lessons from small business owners

24 Jul 2020

23 Apr 2020

Priming your business for recovery after the COVID-19 lockdown | Prospa NZ

Day to day hustle
COVID-19
Growth

How to use the COVID-19 lockdown to prime your business for the future

23 Apr 2020

Prospa solutions

Prospa
Small Business Loan

Quick access $5K - $150K

Learn more

Prospa
Business Loan Plus

Larger loans $100K - $500K

Learn more

Prospa
Line of Credit

Ongoing access to funds up to $150K

Learn more

Get started

Which product are you interested in?

Apply for funds

Small business lending  to match your business needs

Open an account

A business transaction account to help you manage cash flow

Compare our products

Select Product #1

Line of Credit
Small Business Loans
Business Loan Plus

Select Product #2

Line of Credit
Small Business Loans
Business Loan Plus

Best for when you need

To build cash flow confidence

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Fast access to funds

Funds for bigger plans

Eligibility

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Asset security

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

Loan size

From $2K to $500K

From $5K to $150K

From $150K to $500K

From $2K to $500K

From $5K to $150K

From $150K to $500K

Loan term

2 years, with option to renew

Up to 3 years

Up to 5 years

2 years, with option to renew

Up to 3 years

Up to 5 years

Interest

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Fixed interest rate

Payments structure

Use and reuse as often as you like during 24 month renewable term

Receive your full loan amount as a lump sum

Use and reuse as often as you like during 24 month renewable term

Receive your full loan amount as a lump sum

Repayment frequency

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.0046%

Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.0046%

Weekly

Online access

Both products can be accessed through the Prospa App and Prospa Online

Prospa App and Prospa Online

Both products can be accessed through the Prospa App and Prospa Online

Prospa App and Prospa Online

Dedicated lending specialist

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants.

Fees, terms and conditions apply.

FSP663891 | NZBN 9429046731678

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Inside Prospa

Growth

How Prospa helped the newly-wed owners of a fruit picking business to thrive

4 business growth strategies

Business finance: The old ways of borrowing vs today

Big, bold moves Kiwi small business owners have made in 2020

5 important COVID-19 lockdown lessons from small business owners

How to use the COVID-19 lockdown to prime your business for the future

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit