The way business lending should be
You need funds? We’ve got funds. And we could set you up with a Prospa Small Business Loan in as little as 24 hours.
Apply for between $5,000 and $300,000 to cover business opportunities, growth or for cash flow support. You’ll love the straightforward application process, quick decision and repayments tailored to your cash flow.
It’s today’s way to borrow.
Never miss an opportunity with funding possible
in 24 hours.
Fixed repayments so you can focus on growing your business.
A team of Business Lending Specialists available however it suits you.
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 fixed repayments you can focus on what’s next for your business.
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, where we have provided over $1.35 billion in business loans to over 24,000 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 is no application fee, no compounding interest, and no penalties for early repayment.
Take the next step
Join the 24,000 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 6 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.
1 4 week no repayment offer available to new and existing approved customers on a new or refinanced Prospa Small Business Loan settled between 11 February and 31 March 2020 (inclusive). No loan repayments required for the first 4 weeks from the eligible loan settlement date. Total loan repayment term will be extended by the time equal to the loan repayment deferral period (4 weeks) and interest will accrue from the loan settlement date until the end of the term. Offer only available to customers who provide connected electronic bank statements. 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.