Prospa business loans
Prospa is an ASX-listed Australian small-business lender offering unsecured business loans ($5,000 to $500,000) and a line of credit ($2,000 to $500,000), priced on simple interest and funded fast.
Refer Labs is an independent referrer, not Prospa and not a lender. If Prospa fits what you need, we can introduce your enquiry to them; they assess it and make any offer directly to you. Refer Labs is free to use.
$5,000 – $500,000Funds within an hour of signingAFIA Code signatory
Prospa at a glance
- Rate
- Quote-based — priced per loan
- Loan size
- $5,000 – $500,000
- Typical speed
- Funds within an hour of signing
- Products
- Term loan, Line of credit
- Industry code
- AFIA Online Small Business Lender Code signatory
Figures are Prospa's advertised terms and can change. Verify current rates and eligibility on Prospa's own site.
Check whether Prospa fits
Tell us what you need. We'll tell you whether Prospa looks like a plausible fit, and which other panel lenders might suit better. One short form, no documents.
Prospa business loans: common questions
- How much can I borrow with Prospa?
- Prospa advertises business loans from $5,000 to $500,000. The amount you're offered depends on Prospa's assessment of your business, not the maximum on the page.
- What do I need to qualify for a Prospa loan?
- Prospa generally looks for a business trading for at least 6 months, an active ABN, and consistent revenue the lender can verify. Exact criteria are set by Prospa and can change.
- How fast can Prospa fund a loan?
- Prospa advertises funding funds within an hour of signing once your application is approved and verified. Real timing depends on how quickly your details can be confirmed.
- Does Prospa charge fees?
- Ask Prospa for its full fee schedule, including any establishment or ongoing fees, and the total cost of the loan in dollars before you sign.
- Is Prospa a legitimate lender?
- Prospa is an established Australian business lender, listed on the ASX, and a signatory to the AFIA Online Small Business Lender Code of Practice. Refer Labs is an independent referrer, not Prospa; we introduce your enquiry with your consent and the lender assesses it.