Small Business Loans SA

Finding a small business loan to suit your business

Are you looking for small business loans in SA with competitive interest rates? Whether it’s to help manage your cash flow, to purchase new equipment or for a major upgrade to your website – there are many reasons why your small business could potentially need some additional funds. And with so many business lenders in the market, it can be worth taking time to find the best loan for your business.

Rather than applying for a business loan through a traditional bank, choosing an alternative lender such as Prospa can make your application process quick and straightforward. You can even have access to approved funds in as little as one business day. So, whether you need to borrow $5,000 or $300,000, contact Prospa today to see how we may be able to help your business.

Australia’s #1 online lender to small business

Working with thousands of local small businesses in South Australia (SA) and many other Australian cities, we like to make sure our customers feel well supported. Our hard-working team of small business lending specialists can provide you with the personal service that every small business deserves. But don’t just take our word for it. Check out our 5,000+ reviews on Trustpilot and read what our customers are saying. If you want your business to join our growing list of success stories, get in touch to find out more.

Find out more

Trustpilot

Evolve your business with Prospa

Prospa provides funding for small businesses in SA and other states, with the aim of helping SMEs with cash flow and business growth. In addition we publish an award-winning blog packed full of articles, tips and tools to help your business prosper. For example, in one of our stories, we look at how Barossa Valley’s Kalleske Wines in South Australia quickly evolved their website to give their customers a better digital experience when pandemic restrictions shut down their cellar door. In this article, we share tips on how to improve your website for the ‘new normal’. Read the full story here and browse through our blog for other helpful tools and tips.

To see how Prospa may be able to help your business with funding to invest in providing a better online experience to customers, contact one of our small business lending specialists today.

Small business finance made easy

Small business loans can be a relatively uncomplicated form of finance, making them a popular choice amongst small business owners. The Prospa small business loan comes with many features.

  • Borrow lump sum amounts between $5,000 and $300,000
  • Fixed loan terms of between 3 and 36 months
  • Smooth, hassle-free application process with funding possible in just 24 hours
  • Applications take less than 10 minutes to complete and submit
  • Flexible repayment options designed to suit your business cash flow
  • No asset security is required upfront to access up to $150,000 in Prospa funds

If you require any assistance with your loan application or have any questions, our team of loan specialists would be happy to help. Call us on 1300 882 867 Monday to Friday 8.30 am – 7 pm AEST, send an email to [email protected] or fill out the contact form online, and we’ll get back to you.

What can extra funding do for your business?

Getting small business loans in SA could help your South Australian business grow and run more smoothly by supporting cash flow fluctuations. From diversifying your offerings or capitalising on new business opportunities to investing in more working capital or revamping your online marketing strategy, if approved, you could use your small business funding for a range of business-related purposes. Whether it’s for renovating your showroom, buying new furniture for your cafe or repairing broken machinery, every business will have different needs. If you want to be inspired, check out the success stories on our blog and see how other businesses have used Prospa small business loans to help their business thrive. It can often be worth considering investing money in your business now to give it a better chance at long-term success.

What can extra funding do for your business?

Getting small business loans in SA could help your South Australian business grow and run more smoothly by supporting cash flow fluctuations. From diversifying your offerings or capitalising on new business opportunities to investing in more working capital or revamping your online marketing strategy, if approved, you could use your small business funding for a range of business-related purposes. Whether it’s for renovating your showroom, buying new furniture for your cafe or repairing broken machinery, every business will have different needs. If you want to be inspired, check out the success stories on our blog and see how other businesses have used Prospa small business loans to help their business thrive. It can often be worth considering investing money in your business now to give it a better chance at long-term success.

Are you eligible for a Prospa small business loan?

To be eligible to apply for Prospa small business loans in SA, you’ll need to ask yourself the following questions:

  • Are you over 18 years of age?
  • Are you an Australian citizen or permanent resident?
  • Do you have a registered ABN?
  • Have you been trading for at least 6 months with a monthly turnover of $5,000 or more?

If you can answer yes to all these questions, then you are ready to apply online. To do so, you’ll need your legal trading name or ABN, six months of bank statements, how long your business has been trading for and your driver’s licence. If you need any help along the way, our friendly loan specialists would love to have a chat. Contact us today.

FAQs

Frequently asked questions

Getting a small business loan could make a big difference to your business and really help it to thrive. Whether you want to grow your business by employing extra staff, buy new equipment, or need help managing your cash flow and paying invoices, having access to additional funds could be just what your business needs. Our team genuinely wants to help small business succeed, so speak to one of our lending specialists to determine how a small business loan might be able to help your business grow.

Prospa’s small business loans in SA provide lump sum payments between $5,000 and $300,000 to approved applicants. The amount you could be eligible to borrow will depend on your particular business situation. For a general guide on repayments for various loan amounts, check out the loan calculator on our website. If you want to know exactly how much you could be able to borrow and more details, talk to one of our small business specialists, and they will be happy to assist.

To be eligible for small business loans in SA, you’ll need to be over 18 years of age, an Australian citizen or permanent resident, and have a registered ABN. Your business also needs to have been trading for at least six months (or three months if you’ve purchased an existing business) and should have a turnover of at least $5,000 per month. If your loan amount and exposure to Prospa’s funding is under $150,000, asset security won’t be required upfront to access the funds. It could only take you a few minutes to use our online form and determine whether your business is eligible to apply for a Prospa small business loan.

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