Limited time offer: No repayments and no interest on business loans for the first 4 weeks. T&Cs. Apply now.

Prospa Plus Business Loan

Borrow from $100K up to $500K as a lump sum over a fixed term of up to 36 months. Get a fast decision and access to funds to grow your business, purchase equipment and more.

Funds to cover cash flow or help you grow

Borrow above $100K and up to $500K

Apply for $100K to $500K and we'll give you a decision that same day, with fixed repayments for peace of mind.

Easy application

Pre-approval on loans above $250K with no upfront credit checks

Flexible terms

Early payout option available

No property security required upfront for up to $150K

For access to Prospa funding above $150K, we will register security over the business assets on the government’s Personal Property Security Registry (PPSR).


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

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.

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

Dedicated support for your business

You'll have a dedicated account manager to support your business across the life of your loan.

The Prospa App
has launched

The Prospa App
has launched

If you're already a Prospa customer,
download our new app.

If you're already a Prospa customer,
download our new app.

Download Prospa App via App Store Download Prospa App via Google Play
Prospa App
Prospa App

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Common questions answered

The Prospa Plus Business Loan is a larger loan size to support business growth opportunities. Loans are between $100K and $500K over a fixed term up to 36 months. Repayments are weekly.

Yes, a small Origination fee will apply.

To qualify for a loan of this size, your business needs to have been trading for at least 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.

A Prospa Plus Business Loan can be used for almost any business purpose including business renovations, to purchase inventory or new equipment, as general working capital and much more. The loan cannot be used for personal purposes.

Upfront asset security is required to access Prospa funding over $150K. This is in the form of a charge over the applying business entity(ies) on the PPSR (Personal Property Securities Register).

A personal or director’s guarantee is a promise to repay credit that is general in nature rather than specifying security over a particular asset. The person signing the guarantee is personally liable if the business borrower is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR allows priority over personal property to be assigned according to the date a security interest is registered.

A caveat is a legal document lodged to provide notice of a legal claim to a property.

When you’re applying for a Prospa Plus Business Loan of $250K or more, we may offer a preliminary pre-approval to help smooth out the process. We may be able to do this without a credit check and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering some financial health check questions. It is not an offer or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you may receive may be on different terms.