How Do I Get A Small Business Loan?
Applying for funds from Prospa Loans is designed to be quick and easy. We won’t ask you for a business plan at the time of your application or anything like that. We won’t even ask for your business financials for loan applications of less than $250K. We know how small business operates, so we have designed a lending system that first works for our business clients. Our team will ensure that we help you to match your business to the right products with features like a repayment schedule that works with your cash flow and your business needs. You could have the money your business needs within just 24 hours of approval with Prospa Loans online.
Getting to grips with the small business loan
Compare lenders and get the best fit finance for your business
Our customers have rated us as #1 online lender on Trustpilot in the Non-Bank Financial Service category from over 5000 reviews submitted. When you choose Prospa Loans as your small business lender, you’re choosing the provider that puts businesses just like yours first. Our team of loan specialists can help you understand how our finance products work so that you can remain informed and in control of your business finances.
Get a fast decision on business loans from Prospa Loans
Before deciding when to get a small business loan, it’s worth comparing your financing options online. You can review the key things you need to know about how funding from Prospa Loans works, including details about all our lending products, online via our website. If you’re unsure about anything or need further information, please don’t hesitate to get in touch with our friendly team of business lending specialists. You can call us directly on 1300 882 867 during business hours or send us an email.
It is possible to receive the funding you are looking for in just 24 hours of approval. Applications take less than 10 minutes to complete and submit with minimal documentation required for amounts up to $250,000.
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Flexibility
Fast decision and funding possible in 24 hours on flexible funding options up to $300,000.
Support
A dedicated Business Lending Specialist will get to know your business and provide a personalised solution.
Confidence
Join thousands of small businesses who thrive with the support of Australia’s #1 online lender to small business.
FAQs
Frequently asked questions
To be eligible to apply for a Prospa small business loan in TAS, you need to be over 18 years old, an Australian citizen or a permanent resident, and have an active ABN. You’ll also need to demonstrate 6 months of trading for a new business or three months of trading if you have purchased an existing business. No asset security will be required upfront if your small business loan is less than $150,000. For loans over $250,000, you’ll also need to provide basic financial statements such as a profit & loss statement and cash flow.
Prospa Loans specialises in providing a hassle-free online lending experience. Our application process can be completed in a matter of minutes, and successful applications can receive their funds in as little as 24 hours after approval. Our credit and application assessment process has been designed to take many factors into account, not just your credit history when you apply for finance.
Once you have answered the question: how do I get a small business loan? Then it’s time to start thinking about how to make the best use of the funds. When it comes to small business finance, there are a whole host of benefits that you can expect. You can use your lump sum cash injection to help iron out cash flow hurdles as well as invest in new equipment and business growth strategies, so you can ensure you’re remaining vital and relevant in your market. A small business finance solution from Prospa Loans could help support the launch of new products and business locations, or you could invest in the latest and most up to date commercial equipment, software or business management systems. You could use a Prospa business loan to help you diversify your business and income streams so that your business is more secure and better able to manage fluctuating market conditions. The possibilities and the benefits of a small business loan can be endless.
Whatever you have planned for your business growth and stability, Prospa Loans may be able to help. Achieve your business dreams with the help of simple funding solutions designed especially for small businesses like yours. What’s more, when you choose Prospa Loans, you can enjoy the benefit of managing and maintaining your loan using our app or the online customer portal, available 24/7.
Apply for a business loan from Prospa Loans in just 10 minutes. If you are approved, you can simply review and accept your loan contract (as well as personal guarantors), and your funds will be released right away, which means that you could have the money you need in just 24 hours after approval. If you have any further questions about business funding from Prospa Loans, please feel free to get in contact with our customer service team either online or via our website.
Other questions?
