Small Business Loan Broker

Small business loan broker

Have you ever thought about growing your business but wondered how you might get the funds to started? You can talk to a small business loan broker about a business loan or come direct to Prospa.

Is a small business loan broker important?

Getting a commercial loan from your local bank might be time consuming and a little confusing because traditional banks don’t always understand the ins and outs of running a small business. Choosing this option could potentially risk your business growth and investments being stalled or put on hold. In contrast, working with a small business loan broker or coming direct to Prospa can help you navigate the lending landscape and get the funds you need faster to keep your business moving forward.

Just like Prospa, a small business loan broker, also called a commercial lending broker, knows the world of small businesses. They can support you by identifying your specific needs and help tailor financing options that suit these needs. Prospa works hand in hand with small business loan brokers to ensure small businesses have timely access to funding to support business cash flow and expansion plans. Having a professional broker in your corner who knows their stuff and who understands how small businesses operate can be of immense value.

Prospa works with small business loan brokers to support you

We know from experience how it is like to be a small business. We are dedicated to working with small business loan brokers and their small business clients to help them thrive. Prospa has helped thousands of local Australian businesses so far and many have come through professional loan brokers who help determine the best business loan for their needs.

When you work with a small business loans broker, you still submit your application online or speak to one of our friendly business lending specialists on 1300 653 742. The process is the same, and you can see if you’re eligible for our small business loans (or commercial loans) that don’t require asset security upfront to access Prospa funding up to $150,000. Funding is possible within 24 hours for approved applications.

Find out more about our small business loans HERE

Working with our small business loan broker partners, we put our customers first and provide tailored solutions that can potentially fit each unique business situation. There are more than 6,250 reviews on Trustpilot which reflect the excellent service small business owners receive from Prospa. As a result, in the non-bank financial services category Prospa is the ranked #1 online small business lender in Australia and New Zealand. We also win awards year after year in the small business loan broker industry for our excellent service.

Trustpilot

Customers making it happen with a Prospa loan

Read customer stories
Ashley and Jeremy
Stoned Crystals

“This new type of funding that Prospa does really is a gamechanger for small companies."
Chris Thompson
Fish out of Water

“We are so glad we went with Prospa because our experience was absolutely fantastic.”

Susan Toft
The Laundry Lady
"The ease of access was why we wanted a line of credit, so we can access funds when we need them."
Dean Taylor
Urban Jungle Studios
“Prospa has given me the confidence that the business has got the capital behind it to make decisions.”

Small business loan features

Our dedicated team of loan specialists will ensure that you are well informed about our criteria to apply. Our terms include:

  • A lump sum between $5,000 and $300,000
  • No asset security required upfront to access up to $150,000 of Prospa funding
  • Fixed loan term from 3 to 36 months
  • Easy application process with funding possible in 24 hours
  • Interest rate based on your business circumstances
  • Fixed daily or weekly repayments
Apply now

Prospa small business loans

When you apply for a small business loan with Prospa, if approved, you can use the funds for almost any business purpose. Have a look at our list below for a few options to consider when using our small business loan funds:

  • Buy new equipment / upgrade old machinery
  • Grow or expand your business by adding a new product or service
  • Upgrade your IT infrastructure
  • Renovate your office or retail store
  • Run monthly ad campaigns to boost business
  • Build your website or get it a facelift
Apply now

What’s necessary to qualify for a small business loan

To be eligible to apply for our small business loans, you must fulfil a few requirements:

  • Be an Australian Citizen (or permanent resident)
  • Be over the age of 18 years
  • Own an Australian business with a valid ABN/ACN
  • Demonstrate 6 months of trading for a new business (or three months if you have purchased an existing business)
Apply now

What you need to apply for a small business loan

If you apply for funds of $250,000 or less, you need your driver licence number, your ABN and your BSB and account number. For loans over $250,000, you need some basic financial documents, like a P&L and cash flow. Applying for a loan is quick and easy – simply click on the button below and complete the online application form in as little as 10 minutes.
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FAQs

Frequently asked questions

A small business loan broker supports small businesses in their ambitions to grow their business, bridge their cash flow gap, or help cover expenses. The way they do this is by helping small business owners obtain small business financing from lenders like Prospa. They identify the needs of small businesses and provide access to lenders who offer tailored financial solutions.

You can apply for small business funding direct through Prospa. But if you want to go through a broker, then a good way to find the right small business loan broker can be by asking fellow small business owners for recommendations. You could also read through reviews, or looking online. Once you have found a broker, ask them about potential lenders like Prospa who specialise in small business lending. You want to make sure that the small business loan broker you choose is the right fit for you and your business requirements.

When you work with a small business loan broker they will have a number of partners who they can potentially recommend for your funding. This includes traditional lenders like banks and more responsive providers like Prospa. If you need the funding fast, you could always apply direct to Prospa. There’s no obligation and, if approved, you could have the funding in 24 hours after approval.

Other questions? Talk to a specialist