Make 2021 your best year yet
Innovation, ingenuity and determination have kept you going. Flexible funding from Prospa could help you finish the year strong. Get ready to take 2021 by the horns. You’ve got this.
Apply for a business loan today and, if approved, you could enjoy the first 8 weeks with no repayments. Get the breathing space now, and we’ll extend your term at the other end (interest will accrue from the settlement date to the end of the term).
for up to $300K with funding possible in 24 hours.
or weekly repayments with early payback benefits.
A team of Business Lending Specialists who get to you know you and your business.
Why Prospa? It’s today’s way to borrow.
No more missing opportunities or scraping through, Prospa can help you access funds for growth opportunities and cash flow support in a fraction of the time and without all the fuss.
We’re New Zealand's small business lending specialist.
Check if you qualify
If your monthly turnover is more than $6,000 and you have over 6 months trading history, you’re ready to go.
Apply in 10 minutes
You need a valid driver licence and details about your business (plus business financials for loans over $150,000)
Get on with business
With funding possible in 24 hours and no repayments for the first 8 weeks.
We take the work out of getting a business loan
At Prospa, we want to help you keep your business moving. Unlike traditional lenders, our entire process makes getting a small business loan easy – so you spend less time applying, and more time realising your dreams.Learn More
Our business loans range from $5,000 to $300,000 and no asset security is required upfront to access up to $100,000. Terms are between 3 and 24 months and we customise daily or weekly repayments to suit your cash flow. Loans can be used for any business purpose and we lend to almost every industry in New Zealand.
We care about small business
We’re passionate about helping small business owners access the money they need to grow or to boost working capital. Whether you want to purchase bulk stock at a discounted price, upgrade your tools or equipment, update your work car, give your office space a makeover or simply pay your suppliers on time – we can provide a small business loan to help you get there sooner.
Fast application and decision
It takes only minutes to apply, you’ll get a fast decision and, if your loan is approved, funding is possible in 24 hours. There is no cost to apply, no obligation to proceed and no hidden fees.
The small business lending specialist
Prospa is the leading online lender to small businesses in Australia, and we have provided over $1.65 billion in business loans to over 29,400 customers so far. We are a Telstra Best Medium Business Award winner and ranked as the fastest growing company in Asia Pacific in the FT1000. We are a registered financial services provider in New Zealand and member of the Financial Services Federation.
There are around 500,000 small businesses operating across New Zealand, employing 30% of the country’s working population and contributing almost 30% to our Gross Domestic Product. From Auckland to Wellington and Christchurch to Dunedin, small enterprises are vital to the future of the country – and Prospa helps keep New Zealand small businesses moving with hassle-free funds.
How do you qualify for a small business loan?
To qualify for a small business loan with Prospa, your business needs to have been trading for 6 months or more. If you purchased an existing business, you only need to demonstrate you have been trading for 3 months. You’ll also need to show an income of $6,000 or more per month. Talk to us today to find out more about qualifying for a Prospa small business loan.
Should you get finance from Banks?
Banks offer business loans and equipment loans of up to $1 million (or more) but the application process can be long and involved. New Zealand banks traditionally ask for a list of items including income statements and balance sheets for the past two years, up-to-date financial statements, business plans, tax returns, and bank account information and statements.
Why consider Independent Lenders?
Independent lenders like Prospa offer business loans from as little as $5,000. They also tailor their products to the needs of small businesses, which means qualification requirements are clear, the process is much quicker and easier, funding is possible in just 24 hours, interest rates are competitive, and repayments are tailored to business cash flow.
Why choose Prospa?
With business finance from Prospa New Zealand, you can receive fast turnaround for between $5,000 and $300,000. Repayment terms are 3 to 24 months and no asset security is required upfront to access up to $100,000. With Prospa you’ll know exactly how much you’ll be paying back for your business finance. There are no application fees, no compounding interest and no hidden fees.
Take the next step
Join the 29,400 small businesses that have received business loans from Prospa.
To make the process even faster, make sure you have on hand your drivers licence, NZBN and up to 12 months of bank statements (for loans up to $150,000) – if your loan is more than that we’ll let you know what else we need.
THINGS YOU SHOULD KNOW
No repayment period offer available to eligible new and existing approved customers on a new or refinanced Prospa Small Business Loan. For customers approved and settled between 1 October 2020 and 4 November 2020 (inclusive), customers could elect to take an initial 8 week no repayment period. Between 5 November 2020 and 31 December 2020 (inclusive), approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the no repayment period (1 to 8 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense and forms part of the regular fixed daily or weekly repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in New Zealand. Offer not available in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply. FSP663891.