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Small business loan

All ²⁷
Manage your finances ¹⁴
Small business inspiration ¹²
Growing your business ¹

02 Aug 2023

Manage your finances
Small business inspiration
Cash flow
Customer success story
Line of credit
Small business loan
Video

Meet the entrepreneur who rebuilt a struggling equipment hire business

02 Aug 2023

17 Nov 2022

Manage your finances
Finance
Investment
Line of credit
Small business loan

How to choose a lending product

17 Nov 2022

14 Jul 2022

Growing your business
Manage your finances
Small business inspiration
New Zealand small business
Prospa success story
Small business loan
Video

How Matley has grown 15% by investing in people and technology

14 Jul 2022

04 Jul 2022

Manage your finances
Business line of credit
Cash flow management
Small business loan

Infographic: Line of credit vs small business loan

04 Jul 2022

28 Jun 2022

Manage your finances
Line of credit
Small business debt
Small business loan

How to make the most of access to credit

28 Jun 2022

06 Jun 2022

Manage your finances
Business line of credit
Repayments
Small business loan

What is a business line of credit?

06 Jun 2022

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.

FSP663891 | NZBN 9429046731678

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Customer

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Categories

Content types

Topics

Industries

Prospa solutions

Partner blog

Inside Prospa

Small business loan

Meet the entrepreneur who rebuilt a struggling equipment hire business

How to choose a lending product

How Matley has grown 15% by investing in people and technology

Infographic: Line of credit vs small business loan

How to make the most of access to credit

What is a business line of credit?

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit