A small business loan is a handy cash loan paid to you by a business lender in a lump sum. You repay that loan at a fixed rate of interest and with fixed, regular repayments over an agreed-upon term (usually between three months and 36 months).

If you’re not sure when to get a small business loan, then a great way to check-in with how your business is travelling is to ask yourself these simple questions: could my business use a fresh cash injection? Could my business benefit from new and updated equipment? Rebranding and diversifying? An advertising campaign or new staff? A small business loan offers you flexibility with your business finance, and where’s there’s flexibility, there’s room to grow.

Prospa Loans offers business financing options and dedicated support. Our team tailors their approach to your business finance so that you can ensure the product and the repayment schedule work with your cash flow and your business needs. If it’s feeling more and more like it’s that time, then talk to our loan specialists today. We’ll help you take the next step with our online finance solutions designed to offer fast online applications and quick decisions. Approved applicants could get the money their business needs within just 24 hours of applying with Prospa Loans online.

Knowing when to get a small business loan can be about knowing when a fresh cash boost to your business will offer the most benefit. Small business loans from Prospa Loans have already helped thousands of business clients just like you to achieve financial objectives like flexible and steady cash flow, investment in new and upgraded equipment, and expansions into new or renovated locations. Small business finance has also helped businesses invest in new stock and diversify their income streams so that whatever the market throws at them, they can not only survive, but thrive and prosper.

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 teams 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.

Prospa Loans offers a range of financing options made for small businesses. For our small business loans, you can apply online in a matter of minutes for a fixed-rate loan over terms between 3 and 36 months. All of our business loan options come with set repayments and lump-sum funding amounts of between $5,000 and $500,000, which are transferred into your account when your digital contract is signed and returned.

It is possible to receive the funding you are looking for within just 24 hours of approval with us. Applications take less than 10 minutes to complete and submit. We offer a hassle-free online application process that is intuitive and easy to complete, with minimal documentation required for amounts up to $250,000.

Our online application process has been designed to offer you an effortless and easy application experience. Once approved, you’ll be notified of the loan amount, rate of interest and terms and conditions you have been offered. If you are ready to proceed, then you simply sign your online digital contract, and we release the funds immediately.

Before deciding when to get a small business loan, it’s worth to consider comparing your financing options online first. You can review the key things you need to know about how Prospa Loans works, including the features and potential benefits of our lending solutions on our website – so you know when to get a small business loan. If you’re unsure about anything or need further information, please don’t hesitate to get in touch with our business team.

Our business finance team consists of dedicated loan specialists who can help you understand and compare our small business loan options, what types are available to apply for and what’s involved. You can call us directly on 1300 882 867 during business hours or send us an email.

We’ve helped thousands of small businesses with funds to seize opportunities or to support cash flow. We continue to fund eligible small businesses with a range of options.