Prospa Plus Business Loan

Loans of $100K to $500K to invest in growth opportunities.

  • Minimum 3 years trading to apply
  • Hassle-free application process
  • Dedicated business lending specialist

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Larger loans to invest in business growth opportunities

With a Prospa Plus Business Loan, this time tomorrow you could have your sights set on a lump sum to help you move quickly on a growth opportunity or business investment.
A smooth application process and fast decision mean you’ll know exactly where you stand.

For a limited time, approved Prospa Plus Business Loans also come with the option of
no repayments for the first 8 weeks to help you focus on the here and now. (Loan term will be
extended and interest will accrue from the settlement date to the end of the term.)

  • Loans between $100,000 and $500,000
  • Fixed term up to 36 months
  • Minimum $700K annual turnover and 3 years trading to apply
  • Pre-approval without credit check for loans above $250,000
  • Dedicated business lending specialist throughout the life of your loan
  • No asset security required upfront to access Prospa funding up to $150K
  • No repayments for the first 8 weeks
  • Early payout option available

Apply now

Helping eligible small businesses
invest in growth opportunities

Kiwi small businesses trust Prospa to provide funds to help keep them moving.
Bring your growth plans forward by applying for hassle-free access to a lump sum of funds.

  • Grow or expand your business

  • Support working capital

  • Purchase or upgrade equipment or tools

  • Move locations or open a second one

  • Cover a large, unexpected expense

  • Upgrade work vehicles

  • Renovate or refit your premises

  • Pay upfront for materials

  • Invest in bulk stock purchases

Trustpilot

“With a small business loan, we’ve been able to expand our range of products and give our customers better service. Prospa don't realise it, but they are the best anti-wrinkle cream that you can possibly have."

Sandy Urwin
Animal Natural Health Centre, Orewa

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Get started with a
Prospa Small Business Loan

Leave your details below and one of our Business Lending Specialists will get in touch to discuss how a Prospa Small Business Loan could help keep your business moving.


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THINGS YOU SHOULD KNOW

No repayment period offer available to new and existing customers on a new or refinanced Prospa Small Business Loan or Prospa Plus Business Loan that is approved and settled between 25 October and 31 December 2021 (inclusive). Approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 8 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense and forms part of the regular fixed daily or weekly repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in New Zealand. Offer not available to refinance an existing Prospa loan that is within a no repayment period at the time of application, or in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.