Funding takes you further

For a limited time only, no repayments and pay no interest on business loans for the first 4 weeks.

  • Flexible solutions up to $500K to suit your business needs
  • Smooth application and funding possible in hours
  • No asset security required upfront to access Prospa funding up to $500K

Offer ends March 31. T&Cs apply.

Apply now

No repayments and no interest on business loans for the first 4 weeks.

Enjoy a business breather with our limited time offer. EOFY presents a unique opportunity for businesses to make the most of available incentives and drive positive change. Whether you’re wanting to improve your operational efficiencies or maximise cashflow – this one’s for you.

Already a Prospa customer?

Already a Prospa customer?

We know you, so it's quicker and easier to apply for funding when you log in to your Prospa account.
Log in to apply.

We know you, so it's quicker and easier to apply for funding when you log in to your Prospa account.
Log in to apply.

Prospa App
Prospa App

Fast approvals with funding possible in hours.

Working capital injection

Ensure it’s all smooth sailing until the end of the financial year. Cover day-to-day operational expenses or pay any outstanding bills.

Inventory management

Don’t miss out on potential sales! EOFY is a great time to stock up on inventory and re-examine your ordering cashflow before the seasonal rush.

Seek expert advice

Work with a third-party professional, like a financial advisor, to get perspective and clarity on your big business decisions.
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Small Business Loan

Borrow a lump sum of between $5K and $500K over a fixed term of up to 36 months. Great for buying extra stock or equipment, hiring casual staff or covering unexpected expenses.

  • Fast decision with funding possible in hours
  • Fixed repayments to help with budgeting
  • No upfront security required to access up to 
$150K in Prospa funding
  • Pre-approval on loans above $250K with no upfront credit checks

Get started Talk to a specialist

A team of Business Lending Specialists

We'll work with you to get the funds you need with same day decision and funding possible in hours.
Get started

Customers making it happen with a Prospa loan

Read customer stories
Richard Ross
Euro Garage Automotive
“I couldn’t believe how quick and easy it was,” he says. “The funds were in my account within a day.”
Jason Goodson
Backyard Roadies
"There was a point where I probably would have lost the business but the loan saved me.”
John Lennox
Sofa Doctor
“We needed quick access to finance, and with Prospa everything was completed in 48 hours, which made it very easy for us to make that move.”

Prospa Small
Business Loan

Borrow from $5K to $100K as a lump sum over a fixed term up to 36 months. Great for managing cash flow, buying stock and equipment, or covering unexpected expenses.
Get started

Prospa Business
Loan Plus

Borrow from $100K to $500K as a lump sum over a fixed term of up to 36 months. Often used for funding growth, renovations and refits, or equipment purchases.

Get started

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FAQs

Common answered questions

When you apply for our business loan, we will assess the risk profile of your business and provide you with a customised offer including loan amount, term and interest rate. The Prospa business loan is an upfront priced loan so you will know in advance the total amount payable including any interest, fees or charges.

Business loan interest rates vary due to factors including the amount borrowed, what business assets the funds will be used for, the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business.

There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, from day one. There’s no compounding interest and no additional fees (as long as you make your payments on time).

Prospa doesn’t charge an Application Fee. You can apply for a loan with Prospa with no upfront cost or obligation to proceed.

The Origination Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan.

You can choose to repay the entire amount of your loan early at any time.

If you decide to do this please speak to our friendly business loan specialists on 0800 005 797. They will provide you with repayment details and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the date of early payout, plus 1.5% of the remaining principal and any outstanding fees.

To help you avoid missing repayments and to fit in with your cash flow cycle we offer weekly repayments. These are automatically deducted from your nominated business account.

Prospa‘s Small Business Loans offers amounts between $5K and $500K with terms between 3 and 36 months and cash flow friendly repayments that are weekly.

You can apply for the Prospa Small Business Loan in under 10 minutes online or over the phone, receive a same day response and the funds could be in your account in 24 hours. Traditional business loans reference an interest rate per annum plus other fees and charges. The Prospa business loan is an upfront priced loan so you will know in advance the total amount payable including any interest, fees or charges. This is then broken down into a weekly repayment figure.

A Prospa Small Business Loan can be used for almost any business purpose including cash flow management, business renovations, marketing, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

4-week no repayment and no interest period offer available to new Prospa Small Business Loan and Prospa Business Loan Plus (each a “Prospa SBL”) customers who apply for a new Prospa SBL that is approved and settled between 1 February 2024 and 31 March 2024 (inclusive). Offer available to new customers and existing customers with a clear repayment history on previous Prospa funding solutions and who have (i) $0 balance on any line of credit at date of application (if applicable) and (ii) either no current Prospa SBL or a Prospa SBL that is eligible for refinance. No loan repayments during the first 4 weeks from the loan settlement date, and no interest accrues during this period (“No Repayment Period”). The loan term extends by four weeks to accommodate the No Repayment Period. Repayments will commence and interest will start to accrue following the end of the No Repayment Period. Offer only available to businesses established and operating in New Zealand. Offer not available in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.