Fast Business Loans
Get quick access to finance and grow your business. Our fast business loan online application takes as little as 10 minutes, you get a quick decision and, if approved, funding is possible in hours
- Apply online in under 10 minutes
- Funding options up to $500,000
- Fast decision and funding possible in 24 hours
- No asset security required upfront to access
Prospa funding up to $150,000
Business loans on the same day
A fast business loan is a quick financing option for businesses that need immediate access to funds, often on the same day. These loans are typically used for urgent financial needs such as covering unexpected expenses and managing cash flow gaps. A fast business loan can make or break a business by providing crucial support during critical moments, ensuring uninterrupted business operations. For instance, if your business encounters an equipment breakdown or a sudden inventory loss, a same-day loan can swiftly supply the funds necessary to repair or replace equipment or restock inventory. This immediate relief helps you avoid costly delays, safeguard your revenue, and maintain your business’s reputation.
Small Business
Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
- Fixed term up to 3 years with fixed rates
- Fast decision & funding possible in 24 hours
- No asset security required upfront to access Prospa funding up to $150K
- Minimum $6K monthly turnover and 12 months trading to apply
Business Loan
Plus
Larger loans above $150K and up to $500K to invest in your next business growth opportunity.
- Fixed term up to 5 years with fixed rates
- No credit checks to see if you are eligible
- Security may be required when accessing over $150K in Prospa funding
- Minimum $1M annual turnover and 3 years trading to apply
Line of Credit
Ongoing access to up to $500K to keep your business moving.
- Renewable 24 month term
- Fast decision and funding possible in 24 hours
- Only pay interest on what you use
- Access funds 24/7 with the Mobile App
- Minimum $6K monthly turnover and 12 months trading to apply
When to consider applying for quick business loans
- Equipment breakdown: Sudden failure of essential machinery or equipment that disrupts operations and requires immediate repair or replacement.
- Unexpected expenses: Pay for emergency expenses such as repairs, upgrades, and legal fees.
- Cash flow gaps: Cover dips in cash flow or temporary cash shortfalls that may threaten your ability to cover expenses.
- Inventory shortages: Sudden loss of inventory that impacts your ability to continue sales and meet customer demand.
- Growth opportunities: Take advantage of an unexpected business opportunity.
- Cover payroll, taxes, utilities, and supplier bills: Ensure timely payment of essential obligations to avoid disruptions and maintain business operations.
The advantages of securing an emergency loan quickly include:
- Same-day access to funds: Get the money you need in hours instead of weeks.
- Peace of mind: The ability to cover unexpected expenses promptly, allowing you to get on with running your business.
- Faster application process: Apply in under 10 minutes and receive same-day approval.
- Avoid business disruption: Prevent delays and interruptions that may impact revenue and customer satisfaction.
01
Apply online
Apply online
02
Get a fast decision
Get a fast decision
03
Access your funds
Access your funds
Choice
Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours
Support
Confidence
have borrowed from Prospa.
You could benefit too.
Quick business finance designed for NZ small businesses
Customers making it happen with a Prospa loan
Read customer stories
FAQs
Frequently asked questions
Prospa takes the hassle out of small business loans with a fast and easy application process. To qualify for a Prospa small business loan you need a turnover of $6K or more per month. Minimum trading history applies.
Our fast business loan online application form takes around 10 minutes to complete. You’ll need to have on hand your driver licence, NZBN, some basic details about your business (like how long you’ve been in business, your business structure and turnover) and details of your trading business bank account. If you are applying for over $150,000 we’ll also need to see a few other financial statements like your profit & loss and cash flow.
It varies from borrower to borrower. Prospa fast business loans range from $5,000 to $500,000. Plus, with Prospa’s hassle-free business-friendly loan process, minimal documentation is required to apply for small business loan amounts of up to $150,000. Get your business finance online application done in as little as 10 minutes.
Many lenders require an asset to be used as security upfront when you take out a small business loan. This could be the asset you purchase or another asset, such as property you already own. If you aren’t purchasing an asset, your loan is for working capital, you just need a quick cash injection, or would just prefer to avoid the whole ‘security’ question, talk to Prospa about our fast business loan. There’s no security required to access up to $150,000.
Other questions?
