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To be eligible for a Prospa Small Business Loan or Prospa Line of Credit up to $150K the following must apply:

• Minimum of $6K monthly turnover
• For most industries, 6 months trading history
• Valid NZBN
• Business owner must be over the age of 18
• Business owner must be an New Zealand citizen or permanent resident

To be eligible for a Prospa Business Loan Plus from $150K to $500K the following must apply:

• Minimum $1m annual turnover
• Minimum 3 years trading history
• Valid NZBN
• Business owner must be over the age of 18
• Business owner must be an New Zealand citizen or permanent resident

Prospa offers funding from $2K to $500K.

The amount you are eligible for depends on your business turnover, trading time and business circumstances.

We always do our best to offer you as close to your desired loan amount as possible.

We don’t need to do a credit check when checking your eligibility and providing you with an indicative personalised quote.

A credit check is only required once you agree to your personalised quote and your application for funding is submitted.

For our Small Business Loan or Business Line of Credit, no asset security is required upfront to access up to $150K.

If you follow your obligations and your total Prospa funding does not exceed $150K, security will never be required.

For facilities over $150K, a general security interest will be listed on PPSR for the applying business entities during the term of the loan, which gets removed once the funds are paid out in full.