Any output from the business loan calculator is provided as a general guide only and is not an offer or guarantee of finance. The calculator applies an indicative annual simple interest rate of 15.9% p.a. to the loan amount and loan term input you select. Prospa conducts an individual assessment of each applicant business and uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness, so the rate in any offer for finance that you may receive may be different from this rate. Prospa’s interest rates for small business loans range from 9.9% to 26.5% per annum simple interest rate. Not all loan amounts, loan terms or rates will be available to all applicants. Eligibility for loan approval and available terms of any loan offer (including amount, term and rate) are subject to standard credit assessment of each individual applicant business. Fees, terms and conditions apply.

This calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate to calculate repayments, which include only the principal and interest, with a 4% origination fee.

To calculate repayments, this calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate and a weekly service fee of 0.046% of the facility limit. Calculated repayments include principal, interest, and fees. Repayments are calculated based on the first drawdown amount and do not consider the facility limit. The calculated repayments may not be sufficient to repay the total loan amount. At the end of the term, any outstanding balance must be repaid in full or over an additional two-year payment plan.