Business Line of Credit

While having a business frequently presents challenges, a business line of credit can give you some well-needed financial breathing room. It can assist small business owners in obtaining funds to meet short-term cash flow needs.



The benefits of having a business line of credit for small business

Finding the right funding for your small business can be challenging as there are many options available, and it can be difficult to determine which one is right for you. A business line of credit can be a great choice for small businesses that need access to funds on an ongoing basis. Some of the benefits of having a business credit line rather than a loan include quick access to cash, only paying interest on the funds you use, and being able to cover expenses anytime you need to.

Prospa listened to the needs of Kiwi small business owners and realised that a business line of credit was an ideal solution for them. As New Zealand’s small business lending specialists, we continue to develop business finance options to help businesses in need of financial assistance. Through our business line of credit, we can help more small businesses grow and take advantage of opportunities with support from our friendly team of business lending specialists.



What makes a business line of credit significant for small businesses

If you have a business line of credit in place, you can face challenging situations in business with confidence, knowing that you will have access to the funds you require on the spot. Additionally, a business line of credit allows you to obtain short-term funding for paying financial or operational expenses.

If you’re considering a cash flow safety net, the Prospa Business Line of Credit can provide you with quick and seamless access to funds. In fact, by this time tomorrow, you could have ongoing access to the funds you need to help you get on top of your finances. The Prospa Line of Credit is also highly accessible via the Prospa online portal. Once you have logged in, viewing transactions, drawing down funds to your nominated business bank account, and directly paying invoices and suppliers will be a breeze. Many businesses also prefer a line of credit over short-term business loans or other business lending options because it provides more flexibility, particularly when dealing with unexpected expenses or meeting ongoing needs.

Rated as #1 by our customers on Trustpilot in Australia and New Zealand, learn more about Prospa’s business line of credit here.



How to handle small business expenses as we adapt to the new normal

With cart abandonment rates in New Zealand continuing to rise, there is a strong opportunity for e-commerce businesses to convert a large proportion of customers who are halfway through their shopping journey.

While this may sound exciting, for many businesses it also involves investing in technology and other business system modifications- including one-click checkout, multiple easy payment options, retargeting ads and cart abandonment emails.

To get flexible and quick access to funds to improve your e-commerce platform, the Prospa Business Line of Credit could be the thing to help you with your business needs.



The Prospa Business Line of Credit is the go-to option for many small businesses

It is our goal to help businesses have the confidence to get things done by providing them with a painless option for their business finance needs. Thus, here are some of the numerous benefits that you can expect from choosing the Prospa Business Line of Credit:

  • Line of credit facility limit between $2,000 and $150,000
  • Use and reuse as often as you like, with an initial term of 24 months
  • You only pay interest on the funds you use
  • Apply in as little as 10 minutes with minimal paperwork
  • Dedicated business lending specialist

Apply now!



Prospa Business Line of Credit promotes unparalleled convenience and flexibility

The Prospa Business Line of Credit provides convenient and hassle-free benefits for Kiwi businesses. Prospa has purposefully designed this line of credit, a type of small business financing, to be suitable for almost any business purpose, which includes activities that help you manage day-to-day cash flow fluctuations with confidence. For instance, this can be used as a source of funding to pay employee wages, cover unpaid invoices, manage seasonal fluctuations, purchase urgent stock, and pay your suppliers.



How to qualify for a business line of credit at Prospa

Applying for a line of credit is easy with Prospa. To be eligible, you must meet the following criteria:

  • a New Zealand citizen (or permanent resident)
  • over 18 years, owns a New Zealand business (with a valid NZBN/IRD)
  • minimum trading history applies

We value your business, so our services are designed to provide our customers with fast business loans or lines of credit that are highly accessible and flexible. Check out our website to discover the offers that you can only find here.

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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.

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist



A business line of credit (LOC) is a flexible loan for businesses that works in a similar way to a credit card. Companies draw money from their credit line as needed, only paying interest on the portion of money used. As they repay the amount borrowed, they replenish the funds available. Typically, a LOC loan may be unsecured or secured, depending on the size of the line of credit requested and the evaluation results.

With Prospa NZ, we offer a business line of credit with ongoing, flexible access to funds up to $150K to help you stay on top of cash flow fluctuations. Prospa requires no upfront asset security to access up to $150K of Prospa funding.

Whether you run a cafe, a boutique, an online store, or practically any type of business, you can apply for the Prospa Business Line of Credit if you can meet these minimum eligibility criteria: minimum time trading of six months, minimum monthly turnover of $5K, business owner must be over the age of 18, and business owner must be a New Zealand citizen or permanent resident.

Other questions? Talk to a specialist