Advantages of Small Business Loans

There’s no doubt that every business industry nowadays requires you to be on your toes, and that is why more people in New Zealand are thinking about the advantages of small business loans. If approved, this type of financial support could allow you to have more leeway when it comes to expenses and help you expand your enterprise without sacrificing your hard-earned savings. If that’s not enough, a small business cash flow loan also gives you peace of mind knowing that you’ll have enough funds to cover daily operations.



Making the right choice

Initially, securing loans for small businesses might appear simple and straightforward, but the truth is that there are different types of loans available in today’s market and it depends on which you choose. While all of these forms of business funding have the same focus of providing you funding for covering opportunities or day-to-day expenditures, the features and terms tend to vary for each lender. To give you an example, some financing options need security no matter the amount you borrow and others may not.

With all these factors at play, choosing the right SME business loan for your enterprise can sometimes be overwhelming. Finding the right lender is an important part of the process, and Prospa is one of New Zealand’s leading money lenders for small businesses. We genuinely want what’s best for you and your business, and we’re dedicated to helping you on your journey to success by providing you with fast access to working capital.



More than just monetary support

At Prospa, you can expect to learn about the advantages of small business loans from a team of professionals. Our lending specialists work tirelessly to ensure that you get the products and service you need, and we pride ourselves on providing more than just financial support.

Through our business loans, you’ll be able to see what online lending truly has to offer. With us, you’ll get to experience speed and flexibility like no other as we offer fast decision making and you may even be able to get a same-day business loans if approved. You can apply for Prospa funding with confidence knowing that we have helped hundreds of small business owners all around the country.

Want to know more? Click here for additional details about our services and the advantages of small business loans.



Adapting to the times

Perhaps you’re looking for an alternative to bank loans for small business as you want to smooth out your cash flow to maintain the way you run your business. With Prospa, once approved the funds can be used on practically anything enterprise-related.

In fact, one small business used funding from Prospa to overcome the challenges associated with supply chain changes resulting from the pandemic. See how Sable Hair Salon invested in online communication and automated stock management with the help of funding from Prospa.



Know exactly what you’re applying for at Prospa

Aside from the advantages of small business loans, it’s also important that you take into consideration the terms and conditions. At Prospa, you can look forward to a balance up to $500K, short repayment terms up to 36 months, and business finance rates that are tailored to the health of your business.

  • Substantial principal balance = $5,000 to $150,000 for Prospa Small Business Loans and $150,000 to $500,000 for Prospa Plus Business Loans
  • Fixed repayment terms = A fixed term of up to 36 months for Prospa Small Business Loans and a fixed term of up to 36 months for Prospa Plus Business Loans

Apply now and find out how our service can improve your business further!



A service with excellent versatility

Versatility is one of the many advantages of small business loans from Prospa. The moment we transfer funds into your account, you’ll be able to purchase just about anything you need to keep your business moving. Whether you want to support your cash flow so you can pay rent and payroll, or do those long-awaited renovations – our fast business loans can help you do it all.



Criteria for eligibility

To be eligible for a Small Business Loan with Prospa, you’ll just need to have been trading for at least six months (three months if you’ve bought an existing business). In addition to this, you must be able to demonstrate a $6K minimum monthly turnover and have basic documents stating that you’re a resident in New Zealand who’s over the age of 18.

To qualify for our Plus Business Loan option, the requirements for age and residency are the same, but your business must have at least three years of trading experience. Additionally, you must have an annual turnover of $700k and have a valid NZBN/IRD as well.

If you tick all those criteria and want a convenient way to borrow money, get started with us at Prospa and reap all the advantages of our small business loans!

Why Prospa? Because we support small business.

No more compromising or missed opportunities with Prospa by your side.
This time tomorrow you could have access to funds for growth and cash flow support.
It’s just what we do. We’re New Zealand’s small business lending specialist.


Fast application and decision, and funding possible in 24 hours on flexible options up to $500,000.


Talk to real people. Business Lending Specialists who are focused on getting you what you need, sooner.


Thousands of small businesses
have borrowed from Prospa.
You could benefit too.

Customers making it happen with a Prospa loan

Read customer stories



Getting the best small business loans rate relies on a number of factors. At Prospa our offer comes with a business loan rate that has been calculated based on your individual business circumstances. You’ll always know where you stand with Prospa as we’ll provide you with all the information upfront.

You can also use a commercial loan calculator to crunch some numbers, and see what repayments might look like at various loan amounts. This is indicative only, and everything would be confirmed in your loan offer, once approved.

If you would prefer, you can simply chat with one of our business lending specialists. Our team of professionals not only explain the advantages of small business loans but can provide you with a personalised rate that fits your unique situation.

From supporting cash flow to giving you the chance to jump on a business opportunity, the benefits of business loans are countless. And when you choose Prospa as your business lender, you can trust that we know small businesses and we really listen to you. Why not turn to Prospa for funds to help, you turn your business into the company you’ve always wanted and maintain a reliable safety net for emergency expenses.

Why not apply today and you’ll be on the way to experiencing all the advantages of small business loans with us and you could grow your potential for success!

Other questions? Talk to a specialist