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Highlight Overview

Loan Period

3-24 months

Loan Range

$5,000-$250,000

Pros

  • Unsecured loans
  • 97% customer satisfaction
  • Fast & flexible

Cons

  • Not for startups
  • Limited to $250K
  • No personal loans

Bottom Line

Prospa is a leading, award-winning business lender offering easy business loans to SMBs in Australia

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Full Review

It’s no wonder Prospa is one of Australia’s top small business lenders with over $300 million funded and a 97% customer satisfaction rate. Applying for a Prospa business loan takes just a few minutes and you could have the cash in just a few days.

What We Like Best

  • Easy online application
  • Quick approvals and funding
  • Won multiple awards
  • Highly-responsive customer support

Loan Features

  • Type of loan - Unsecured small business loan
  • Loan Amount - $5,000-$250,000
  • Repayment Terms - 3-24 months
  • Purpose of loan - Any business purpose

Requirements for Loan

To qualify for a Prospa loan your business needs to meet these two criteria:

  • Business been actively trading for at least 6 months

  • Business turnover at least $8,000 per month

Application Process

You can apply online for your Prospa loan through one simple online application and can access your online application anytime from your mobile or computer.

Once approved for a loan, you’ll receive the money in as little as 24 hours.

Safety & Security

Prospa uses industry recognised encryption technology to protect all sensitive, financial and personal information. The company is ISO27001 certified and uses a bank verification system to securely and instantly verify any bank account that is linked through their application.

Bottom Line

Prospa get two thumbs up for its commitment to security, speed and ease of lending. The fact that this company is so widely recognised and rewarded makes it a very attractive option for business funding.

 

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.

Quick Facts About Prospa

Over $300 million funded
Award-winning lender

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