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Mental health

All ⁶
Growing your business ⁵
Manage your finances ¹

19 Jan 2021

Growing your business
Customer relationships
Future-proofing
Mental health
Outsourcing
Technology

How to make 2021 yours for the taking

19 Jan 2021

10 Nov 2020

A small business’s EOY guide | Prospa NZ

Manage your finances
Cash flow
EOY
Hiring
Mental health
Staffing

Infographic: A small business end of year prep list

10 Nov 2020

22 Sep 2020

How to create work/life boundaries as a small business owner | Prospa NZ

Growing your business
Mental health
Overworking
Work/life balance

How to create healthy work/life boundaries as a small business owner

22 Sep 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

16 Jul 2019

How small business owners can manage stress

Growing your business
Mental health
Prospa research
Stress
Work/life balance

How small business ownership can impact mental health – and what you can do about it

16 Jul 2019

01 Jul 2019

Growing your business
Business management
Mental health
Prospa research
Small business challenges

Research reveals the realities of running a small business

01 Jul 2019

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

6 months 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

6 months 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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Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants.

Fees, terms and conditions apply.

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Inside Prospa

Mental health

How to make 2021 yours for the taking

Infographic: A small business end of year prep list

How to create healthy work/life boundaries as a small business owner

5 small business owners’ best tips for mental resilience

How small business ownership can impact mental health – and what you can do about it

Research reveals the realities of running a small business

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit