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COVID-19

All ¹³
Growing your business ⁶
Day to day hustle ⁴
Small business inspiration ²
Manage your finances ¹

09 Feb 2021

Small business inspiration
Business growth
COVID-19
Equipment
Marketing
Materials
Production
Resilience
Small business loan
Video

How this printing business quickly pivoted to meet new demand

09 Feb 2021

03 Dec 2020

Small business inspiration
Business growth
COVID-19
Expansion
Financial advisor
Small business loan

How this furniture repair business grew 40% year-on-year

03 Dec 2020

03 Nov 2020

Small business marketing in 2021 | Prospa NZ

Growing your business
Advertising
Brand
COVID-19
Investments
Marketing
PR
Social Media

A guide to small business marketing during the coronavirus recession

03 Nov 2020

01 Oct 2020

Growing your business
Cash flow
COVID-19
Finance
Future-proofing
Investment
Marketing

5 tips for making smart investments in uncertain times

01 Oct 2020

18 Aug 2020

How a business mentor can help your SMB succeed | Prospa NZ

Growing your business
COVID-19
Family business
Mentor
Support

Why you should consider having a business mentor

18 Aug 2020

05 Aug 2020

Top mental resilience tips from 5 business owners | Prospa NZ

Growing your business
COVID-19
Mental health
Resilience

5 small business owners’ best tips for mental resilience

05 Aug 2020

Prospa solutions

Prospa
Small Business Loan

Quick access $5K - $150K

Learn more

Prospa
Business Loan Plus

Larger loans $100K - $500K

Learn more

Prospa
Line of Credit

Ongoing access to funds up to $150K

Learn more

Get started

Which product are you interested in?

Apply for funds

Small business lending  to match your business needs

Open an account

A business transaction account to help you manage cash flow

Compare our products

Select Product #1

Small Business Loans
Business Loan Plus
Line of Credit

Select Product #2

Small Business Loans
Business Loan Plus
Line of Credit

Best for when you need

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Eligibility

6 months minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

6 months minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active NZBN and valid driver’s licence
Good credit history

Asset security

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Loan size

From $5K to $150K

From $150K to $500K

From $2K to $500K

From $5K to $150K

From $150K to $500K

From $2K to $500K

Loan term

Up to 3 years

Up to 5 years

2 years, with option to renew

Up to 3 years

Up to 5 years

2 years, with option to renew

Interest

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Payments structure

Receive your full loan amount as a lump sum

Use and reuse as often as you like during 24 month renewable term

Receive your full loan amount as a lump sum

Use and reuse as often as you like during 24 month renewable term

Repayment frequency

Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Online access

Prospa App and Prospa Online

Both products can be accessed through the Prospa App and Prospa Online

Prospa App and Prospa Online

Both products can be accessed through the Prospa App and Prospa Online

Dedicated lending specialist

Yes

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 0800 005 797

We’ve received your details.

We’ll be in touch soon. In the meantime, get a head start with a few business questions.

Contact information

Business Details

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Last name ^{*required field}

Phone number ^{*required field}

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Search by NZBN or legal trading name:

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Back

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Thanks for contacting us! We will get in touch with you shortly.

Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 0800 005 797

What can we assist with?

Business Loan

Line of Credit

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Inside Prospa

COVID-19

How this printing business quickly pivoted to meet new demand

How this furniture repair business grew 40% year-on-year

A guide to small business marketing during the coronavirus recession

5 tips for making smart investments in uncertain times

Why you should consider having a business mentor

5 small business owners’ best tips for mental resilience

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit