Compare Small Business Loans

Compare small business loans

Small business loans, or small business finance, are lump sums borrowed to help a small business with ongoing cash flow support and investing in new assets, among many more uses. Business loans can be helpful cash injections, offering new possibilities and covering cash flow challenges quickly to allow for uninterrupted operations. If you’re considering a small business loan, then it’s important to compare small business loans before making a decision. Online loan comparisons are quick and easy and can help you find the best-fit finance option for your business needs.

Traditional banks offer a range of personal and business financing options, but they don’t always understand what it’s like to own and operate a small business. Compare small business loans from a dedicated business lender like Prospa Loans to understand what it’s like to choose a lender that understands how small businesses operate. We will work with you to help you determine the best kind of financing and repayments for your cash flow and your overheads.

Get the finance you need the way you need it with Prospa

We are the dedicated business lender that is already working with thousands of local Australian businesses, providing fresh injections of money into small businesses for growth or cash flow support. 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. We work with you to tailor repayment options to suit your cash flow and find finance options that support your continued business growth. We also offer a team of dedicated loan specialists who can help you understand exactly how your new finance works, so you can remain informed, in control and front of your finances.

A 2019 survey of our performance among our small business clients reveal that 82% of business clients report the funding they received from us has directly contributed to an increase in profits. Of those clients, 62% said they would come back again to us if they needed new funding for their business in the future. . [The Economic Impact of Prospa Lending to Small Business, RFI Group, January 2019.]

Trustpilot

How can we help your business?

Injecting a boost of fresh funds into your working capital could benefit your business in many ways. You could use your new small business loan to invest in new equipment or update and upgrade your existing assets. These might include vehicles, new working premises, or even branching out into e-commerce and online sales. Diversifying and remaining on trend with marketing and what your customers are really looking for can help your business to manage changes in your market successfully.

We offer approved small business owners access to fixed term small business loans. Our business loan options come with set repayments for lump-sum funding amounts of between $5,000 and $500,000. Loan terms are between 3 and 36 months, and it is possible to receive the funds in just 24 hours of approval. Applications take under 10 minutes to complete and submit.

Fast, easy finance applications at the click of a button

The key things you need to know about becoming a Prospa customer is available on our website. We try to ensure that our communication is as clear and straightforward as possible so you can review everything before you sign up. If you’re unsure about anything or need further information, please don’t hesitate to get in touch with our team of business lending specialists.

Our business finance team are dedicated loan specialists who can help you understand and compare small business loans, 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.

Talk to Australia’s #1 online lender to small business

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.

Flexibility

Fast decision and funding possible in 24 hours on flexible funding options up to $300,000.

Support

A dedicated Business Lending Specialist will get to know your business and provide a personalised solution.

Confidence

Join thousands of small businesses who thrive with the support of Australia’s #1 online lender to small business.

FAQs

Frequently asked questions

Consider the small business loan that offers terms, fees and conditions that work best for your financial needs. For example, small business loans are paid in a single lump sum directly into your business account. Your loan comes with a fixed-term repayment schedule over between 3 and 36 months. When you choose a Prospa Loan, our team works closely with approved businesses to ensure that we help to identify the best repayment schedule that works for you. Prospa funding can help you continue to support your business’s stability and ongoing growth and that repayments don’t put a significant strain on your cash flow.

If you’re looking for ongoing access to funds, then a line of credit option might work better for you. A line of credit offers your business ongoing access to credit funds and can be ideal for covering gaps in your cash flow, particularly during business periods between invoice payments. You only pay interest on the funds you use, and, just like our small business loans, funding is possible within 24 hours of a successful application.

We offer small business loans between $5,000 and $500,000 or a flexible line of credit available for facility limits of between $2,000 and $150,000.

For Prospa funding of under $150,000 you don’t need upfront asset security to access the funds. Which means that you do not need to secure the loan amount to the value of an asset that you own upfront to access the funds, such as a property or vehicle.

Asset security is required upfront to access Prospa funding over $150,000. This is in the form of a charge over assets, and Prospa may register on the PPSR or register a caveat.

A PPSR or Personal Property Securities Register is a central, national online register operated by the Australian Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR allows priority over personal property to be assigned according to the date a security interest is registered. A caveat is a legal document lodged to provide notice of a legal claim to a property.

The benefits of a small business loan can depend on what your business needs financial assistance with. A quick and easy online loan application with Prospa could help your business get the funds to overcome a cash flow slump; help bring in a fresh stock and support the launch of new products and business locations as well as help you, as the business owner, to invest in the latest and most up to date commercial equipment, software and business management systems. If approved, you could use a business loan with fast and easy application process to help you diversify your business and income streams so that your business is more secure and better able to manage fluctuating market conditions. The possibilities and the benefits of a small business loan can be endless.

Prospa is the dedicated Australian business lender that has already helped thousands of small businesses with the funds they need to help them build and maintain stability, branch into exciting new markets and continue to grow. Apply online for Prospa small business loans today or talk to a business lending specialist about exactly what we might be able to offer your small business.

Other questions? Talk to a specialist