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Which product are you interested in?
Best for when you need
Ongoing access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Ongoing access to cash, for example to manage seasonal fluctuations, cover supplier invoices, manage late paying customers and more.
Quick access to a lump sum of cash to cover larger costs such as unexpected expenses, upgrading facilities or equipment, or purchasing stock upfront.
A larger lump sum of cash to cover bigger expenses such as moving or opening a second location, renovating premises, investing in bulk stock purchases, upgrading work vehicles and more.
Eligibility
- Minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum $700K annual turnover
- 3 years trading history
- Business financials for loans above $150K may be required
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum $700K annual turnover
- 3 years trading history
- Business financials for loans above $150K may be required
- Active NZBN and valid driver’s licence
- Good credit history
Asset security
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).
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).
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).
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).
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).
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).
Loan size
Up to $150,000
Up to $100,000. If you need more than this, consider a Prospa Business Loan Plus
From $100,000 - $500,000
Up to $150,000
Up to $100,000. If you need more than this, consider a Prospa Business Loan Plus
From $100,000 - $500,000
Loan term
36 months
3 – 36 months
Up to 36 months
36 months
3 – 36 months
Up to 36 months
Interest
Both products do not require Asset security
Interest calculated on the funds you use, not on the limit.
Fixed interest rate
Fixed interest rate
Both products do not require Asset security
Interest calculated on the funds you use, not on the limit.
Fixed interest rate
Fixed interest rate
Payments structure
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Repayment frequency
Both products are repaid weekly
Weekly
Weekly
Weekly
Both products are repaid weekly
Weekly
Weekly
Weekly
Online access
Both products can be accessed through the
Prospa App and Prospa Online
Prospa App and Prospa Online
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Prospa App and Prospa Online
Prospa App and Prospa Online
Dedicated lending specialist
Visa debit card not available
Yes
Yes
Yes
Visa debit card not available
Yes
Yes
Yes
Visa debit card
Dedicated lending specialist not available
No
No
No
Dedicated lending specialist not available
No
No
No