Small Business Loans TAS

Finding the best small business loan in Tasmania

Are you looking for small business loans in TAS? Whether it’s to help with cash flow, purchasing new assets or to upgrade your business’s digital presence, there are many reasons a small business may need extra funding. With so many loans on the market, it can be important to find the best financing solution for your small business. Traditional banks may provide attractive business and personal financing options, but they may not always take the time to understand what it is like to own and operate a small business.

Rather than securing your business loan through a traditional bank, you might want to consider a dedicated business lender such as Prospa, who understands how small businesses work. Our lending team will work with you to help you find the best small business funding solution for your situation and needs.

Prospa is Australia’s #1 online lender to small business

Prospa has worked with thousands of local small businesses in Tasmania and across Australia. We know you need to feel well-supported, which is why we have a team of dedicated loan specialists who will work alongside you to help you find the best financial solution and repayment plan to suit the needs of your business. With Prospa small business loans in TAS, you can help to stay in control of your finances. We want to help your small business to succeed.

By choosing Prospa as your business lender, you would be joining a long list of happy customers. With over 5,000 reviews on Trustpilot, our results speak for themselves! Read our Prospa reviews to see how we have helped our clients to invest in their businesses or to manage cashflow.

Find out more

Trustpilot

How Prospa could help your business succeed

We not only want to help eligible small businesses get the funding they need, but we also want small business to succeed. That’s why we provide our award-winning blog that is a valuable resource to help to keep you informed with tips and articles to help you run your business better. From business funding grants and small business support programs to small business subsidies and other business incentives, it can be hard to keep on top of all the changes made in the small business industry. Our blog posts can give you handy insights into how some of the changes may affect you and provide you with some up to date insights into running a small business. For example, one of our recent blog posts looks at some of the potential small wins for small business that have come out of the 2021-22 Federal Budget, including some extensions on some familiar tax breaks. And we have plenty more blog posts on our website to inspire you and help you to make your business be as successful as possible.

Quick and easy online finance

We offer business owners in TAS fixed term small business loans that match their business needs. Key information on applying for business loans is available on our website.. Prospa small business loans offer:

  • Lump sum funding between $5,000 and $300,000
  • Loan terms between 3 and 36 months
  • Fast loan approval and funding possible within 24 hours of submitting an approved application
  • Applications take less than 10 minutes to complete and submit.

If you need any assistance or have any questions, our team of loan specialists would be happy to help. Call us on 1300 882 867 during business hours, send us an email or get in touch via live web chat on our website.

Give your business the boost it deserves

There are many ways a business loan could potentially help your small business achieve its financial goals. Whether you need money for buying new equipment or vehicles, upgrading your IT systems, or to renovate your office or café space, there may be endless ways to use a business loan. For example, you may want to initiate or refresh your e-commerce processes with the surge in online sales. Or you may want to boost your marketing efforts by running a new advertising campaign, updating your website, rebranding or expanding into new markets.

Are you eligible for a Prospa small business loan?

To be eligible for small business loans in TAS, applicants must be Australian citizens or permanent residents, at least 18 years old and have a registered ABN. In addition, you’ll have to provide 6 months of trading history for a new business or three months of trading history if you have purchased an established business

FAQs

Frequently asked questions

Prospa is a business loans specialist. So, if you are approaching Prospa for small business loans in TAS, you’ll be in safe hands. Prospa will work with you to help you find the right loan solution for your business. The application process is smooth and hassle-free and can all be done online via our website in around ten minutes. In some cases, funding is available in 24 hours for approved applicants. Our small business loan specialists are on hand via email or phone so you’ll feel supported every step of the way.

Prospa offers small business loans in TAS from $5,000 to $300,000 paid as a lump sum with a fixed term repayment schedule ranging between 3 and 36 months. If you apply and are approved, Prospa may be able to work with you to find daily or weekly repayments that will work best for your business. Because our loans come with fixed interest rates, you’ll know what your repayments will be upfront before you accept the loan.

If you’re not sure what your loan repayments for your small business loan might look like, the Prospa Loan Calculator might be able to help. By entering the amount you’d like to borrow and the loan term, we can give you an example of the indicative repayments based on an indicative simple annual interest rate. Of course, every business is different, so in order to get a more accurate repayment amount and applicable terms and conditions of any offer for your business (if approved) you will need to submit the free loan application.

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.

We understand that small businesses will often need access to funds quickly to make the most of new opportunities. Therefore, we make it a priority to make quick decisions, and in some cases, you can have your money within 24 hours for approved applicants.

Other questions? Talk to a specialist