Apply in under 10 minutes over the phone

Decision within an hour

You're ready to ProspaPay

It just takes a few moments to apply and you’ll be ready to go within an hour. Call 1300 706 983 or get a call back below.

For loans up to $50,000

What you need to have ready

Your Driver Licence number

Business ABN

BSB and account number of your main trading account

Need more than $50,000?

You’ll also need some basic financial statements so we can evaluate the health of your business and see what kind of repayments your business can manage without stress.

“It was completely different from dealing with a bank. The very next day I got a phone call saying ‘I’ve got good news, you’ve got your money!’, and that led to my export deal!”

Nyoli Scobie, Owner
Truly Tea, NSW


Frequently Asked Questions

Tell me about the Prospa Business Loan

Prospa offers an unsecured loan of $5,000 to $250,000. The term of the loan is between three and 24 months and the cash flow friendly repayments are either daily or weekly.

How is the Prospa Business Loan different from a traditional business loan?

You can apply for the Prospa Business Loan in under ten minutes and receive a fast response - in often as little as one hour. The application is 100% online and funds can usually be provided the same business day. Traditional business loans reference an interest rate per annum plus other fees and charges. The Prospa Business Loan details the total amount payable upfront inclusive of any interest, fees or charges that is then broken down into either a daily, weekly, or fortnightly repayment figure.

What can Prospa Business Loan be used for?

We’re totally committed to helping small businesses access the funds they need to grow. Our fast, flexible funding can be used for business renovations, marketing, to purchase inventory, new equipment, general working capital and much more.

How do I apply?

We’ve made it fast and easy, simply click the ‘Get Started’ button and complete our online form. It should take no longer than ten minutes. For loans of $50,000 or less, all you need to have ready is:

  • Your driver licence number 
  • >Your ABN 
  • >Your BSB and account number. 

For loans over $50,000, you’ll also need some basic financial statements, like a P&L and cash flow.

How fast will I get a decision

When you apply, you can choose between using our advanced bank verification system or uploading PDFs of your last 3 months of transactions. 

If you choose our advanced bank verification system, we can respond to your application the same business day – often in just 1 hour. If you upload PDFs, we can usually get back to you the next business day. 

If you apply before 4pm on a business day, and your application is approved, we can usually have the money in your account the same or next business day.

How do you charge for a Prospa Business Loan?

Prospa doesn’t charge interest because terms are usually less than 12 months. Instead we offer a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn't compound.

How fast will I get the money?

We know growing your business is important, so Prospa will work hard to get money to you as soon as possible. If you apply before 4pm on a business day and your application is approved, we can usually have money in your account the same or next business day.

What are the fees?

There are no hidden fees for our small business loans, and you’ll know exactly how much you need to repay, and when, from day one. There’s no compounding interest, no hidden fees, and no penalties for early repayment.

Is there any penalty for early repayment?

There are no fees for early repayment and no balloon payment at the end of your loan. We are totally transparent with our customers about the total amount due and the date of the final payment. Once you make the final payment your balance will be $0.

How do repayments work?

It’s important to offer you easy ways to pay back your loan. To help you avoid missing repayments we offer daily, weekly or fortnightly repayments that are automatically deducted from your nominated business account.

How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. The ProspaScore platform looks at a variety of factors to determine the health of your business. Based on this information, Prospa may be able to provide you an unsecured loan amount up to $250,000. We also offer a secured business loan of up to $500,000

Standard credit approval criteria and terms and conditions apply.
Australian credit licence 454782 | ABN 47 154 775 667
© Copyright 2017 Prospa Advance Pty Limited

No interest ever & no upfront fees 

Spend between $50 and $20,000

13 simple weekly Direct debits

C’mon Divvy, what’s the catch?

Trusted and secure small business loans

Advanced security

We use the highest encryption standards and we’re ISO 27001 certified for our commitment to customer privacy.

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Trusted by over 12,000 businesses

We’ve already helped thousands of small businesses access the funds they need to grow.


World-class customer satisfaction

We’re backed by a Net Promoter Score of +77, and we have an Australian Credit Licence issued by ASIC.

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We’ve supported Australian businesses with more than $450 million and counting

Over $450m in small business loans


Sound good? Let’s see how it works.

Once you've applied, you can use Prospa Pay to make purchases at participating locations. You get what you need up front and make weekly repayments. All with absolutely no interest and no fees.

Rogue Echo Bike


Or $84.19 per week, over 13 weeks interest free with ProspaPay.

It’s easy to get set up. After a quick chat on the phone you’ll be ready in under an hour. Click the button below and we’ll call you back, or you can call us on 1300 706 983. Lines are open 9am to 5pm, Monday to Friday.

For a super-quick process, make sure you have a couple of things on hand

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Driver Licence

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Your ABN

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Bank details

Prospa Pay - innovated by Prospa

Prospa Pay is brought to you by Prospa, Australia’s award-winning lender to small business.


* Conditions apply

Get Started

Buy now, 

pay over 13 weeks.

- Business purchases up to $20,000

- No interest, ever

- Cash flow friendly repayments

Buy now, Pay later!

Business purchases up to $20,000 at Rogue Australia

Make business purchases up to $20,000 and pay for them over 13 weeks, in a cash flow friendly way with ProspaPay. There is no interest, and no fees when you pay on time.

Rogue Australia accepts ProspaPay!

Get started today.

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