Fast Business Loans

Get quick access to finance and grow your business. Our fast business loan online application takes as little as 10 minutes, you get a quick decision and, if approved, funding is possible in hours

  • Apply online in under 10 minutes
  • Funding options up to $500,000
  • Fast decision and funding possible in 24 hours
  • No asset security required upfront to access
    Prospa funding up to $150,000
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No credit check to see if you are eligible

Business loans on the same day

We are New Zealand’s #1 online lender supporting small businesses with fast business loans and approval within the same day.

A fast business loan is a quick financing option for businesses that need immediate access to funds, often on the same day. These loans are typically used for urgent financial needs such as covering unexpected expenses and managing cash flow gaps. A fast business loan can make or break a business by providing crucial support during critical moments, ensuring uninterrupted business operations. For instance, if your business encounters an equipment breakdown or a sudden inventory loss, a same-day loan can swiftly supply the funds necessary to repair or replace equipment or restock inventory. This immediate relief helps you avoid costly delays, safeguard your revenue, and maintain your business’s reputation.

Prospa Small
Business Loan

  • Borrow from $5K up to $100K as a lump sum over a fixed term of up to 36 months.
  • Minimum $6K monthly turnover and minimum trading history to apply.
  • Great for managing cash flow, buying stock and equipment, or covering unexpected expenses.
Get started

Prospa Business
Loan Plus

  • Borrow from $100K up to $500K as a lump sum over a fixed term of up to 36 months.
  • Minimum $1 million annual turnover and 3 years trading to apply.
  • Often used for funding growth, renovations and refits, or equipment purchases.
Get started

Prospa Business
Line of Credit

  • Get ongoing access to funds up to $150K and only pay interest on the funds you use.
  • Minimum $6K monthly turnover and minimum trading history to apply.
  • Ideal for managing cashflow and unexpected expenses.

Get started

When to consider applying for quick business loans

Some situations that may warrant accessing a same-day loan include:

  • Equipment breakdown: Sudden failure of essential machinery or equipment that disrupts operations and requires immediate repair or replacement.
  • Unexpected expenses: Pay for emergency expenses such as repairs, upgrades, and legal fees.
  • Cash flow gaps: Cover dips in cash flow or temporary cash shortfalls that may threaten your ability to cover expenses.
  • Inventory shortages: Sudden loss of inventory that impacts your ability to continue sales and meet customer demand.
  • Growth opportunities: Take advantage of an unexpected business opportunity.
  •  Cover payroll, taxes, utilities, and supplier bills: Ensure timely payment of essential obligations to avoid disruptions and maintain business operations.

The advantages of securing an emergency loan quickly include:

  • Same-day access to funds: Get the money you need in hours instead of weeks.
  • Peace of mind: The ability to cover unexpected expenses promptly, allowing you to get on with running your business. 
  • Faster application process: Apply in under 10 minutes and receive same-day approval. 
  • Avoid business disruption: Prevent delays and interruptions that may impact revenue and customer satisfaction.

Trustpilot
01

Apply online in under 10 minutes

For a loan, you'll need your recent trading figures to refer to, business bank account & driver licence details.
For a loan, you'll need your recent trading figures to refer to, business bank account & driver licence details.
02

Get a same-day decision

Apply for a loan and you'll get a decision within a business day - often just a few hours. We'll reach out to explain the process and answer any questions you have.
Apply for a loan and you'll get a decision within a business day - often just a few hours. We'll reach out to explain the process and answer any questions you have.
03

Access your funds

Once your loan is approved, the fund are automatically transferred and could be in your account as soon as the next business day.
Once your loan is approved, the fund are automatically transferred and could be in your account as soon as the next business day.

Choice

Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours

Support

Talk to real people. Business Lending Specialists who are focused on getting you what you need, sooner.

Confidence

Thousands of small businesses
have borrowed from Prospa.
You could benefit too.

Quick business finance designed for NZ small businesses

In the business world, challenges can arise unexpectedly, often requiring immediate financial attention. Prospa is here to address these urgent needs with our streamlined, fast business solutions. Our same-day business loans allow you to access up to $500K quickly, with minimal hassle. With our easy online application process, you can apply for a loan in under 10 minutes, get a same-day decision, and access your funds straight away. Whether you’re dealing with unexpected expenses, cash flow gaps, or wanting to take advantage of a growth opportunity, Prospa is the choice for fast, reliable financial support.

Customers making it happen with a Prospa loan

Read customer stories
Jason Goodson
Backyard Roadies
"There was a point where I probably would have lost the business but the loan saved me.”
John Lennox
Sofa Doctor
“We needed quick access to finance, and with Prospa everything was completed in 48 hours, which made it very easy for us to make that move.”
Kerri Murphy
Twisted Willow Florist
"I was able to secure my small business loan quickly, keep the store fresh and new for my customers, and get cracking on growing the business.”

FAQs

Frequently asked questions

Prospa takes the hassle out of small business loans with a fast and easy application process. To qualify for a Prospa small business loan you need a turnover of $6K or more per month. Minimum trading history applies.

Our fast business loan online application form takes around 10 minutes to complete. You’ll need to have on hand your driver licence, NZBN, some basic details about your business (like how long you’ve been in business, your business structure and turnover) and details of your trading business bank account. If you are applying for over $150,000 we’ll also need to see a few other financial statements like your profit & loss and cash flow.

It varies from borrower to borrower. Prospa fast business loans range from $5,000 to $500,000. Plus, with Prospa’s hassle-free business-friendly loan process, minimal documentation is required to apply for small business loan amounts of up to $150,000. Get your business finance online application done in as little as 10 minutes.

Many lenders require an asset to be used as security upfront when you take out a small business loan. This could be the asset you purchase or another asset, such as property you already own. If you aren’t purchasing an asset, your loan is for working capital, you just need a quick cash injection, or would just prefer to avoid the whole ‘security’ question, talk to Prospa about our fast business loan. There’s no security required to access up to $150,000.

Find out more about Prospa

Other questions? Talk to a specialist