Small Business Revolving Line of Credit

When it comes to managing your business, a small business revolving line of credit is just one type of funding business owners can access to use whenever needed. Not everyone has enough savings in their bank account or third-party investors they can rely on, and that’s why having access to business lending services is essential in this day and age.



Boost your enterprise with a small business line of credit

A Line of Credit offers businesses a safety net of funds which they can dip into when required to cover cash flow gaps or to pay for expenses. The best thing is – interest is only payable on the funds used, so it’s a great option if you don’t need the funds all the time.

If you’ve been wondering how to get a line of credit for your business, then you’re most likely looking for offers that are not only convenient but flexible as well. While there are many small business funding options out there, it can be quite challenging to find one that suits your enterprise’s needs.

At Prospa, we pride ourselves on being small business lending specialists – with our ears firmly to the ground. We understand the unique needs of small businesses and we’re more than happy to assist you in any financial matters regarding your enterprise. If you apply today, you could be enjoying all the benefits of our small business revolving line of credit by this time tomorrow.



Fast and convenient cash whenever and wherever you need it

A business revolving line of credit is handy for businesses that need smaller amounts of cash regularly to cover business expenses. It’s a great way to ensure your business is never disrupted or disadvantaged when customers’ payments are delayed or you have a particularly busy month.

When you apply at Prospa, you won’t have to go out of your way to visit a physical branch as everything happens online or over the phone. You can even expect a prompt decision from us and funding may be available within 24 hours of your application being approved. Plus, our customer service team are always available if you have any general enquiries. We’ve been providing funds to businesses for over a decade now and continue to help thousands of New Zealand businesses like yours.

If you’re keen on learning more about the business line of credit (or how to apply), click here.



Helping owners reach their potential through an instant business line of credit

When you have an established business line of credit, funds are available on the spot when you need them. A recent survey found that 30% of small businesses are not comfortable with debt hanging over their heads – but in this article we look at how to get the most out of accessing credit for your business.

Small business expert, Quentin Glover, talks about how having pending financial obligations isn’t always a problem. As a matter of fact, an option like the small business revolving line of credit from Prospa is a great way to ensure your business stays one step ahead of seasonal market changes. It provides you with a safety net or sense of balance that will steer your enterprise to where it needs to be.



Line of credit for business: Basic terms and conditions

A Prospa small business line of credit can help your business access the funds it needs to grow and manage cash flow. Here are some of the key terms to know about our line of credit:

  • Line of credit between $2,000 and $150,000
  • Initial 24-month term with option to renew
  • Use and reuse the funds as required
  • Only pay interest on the funds you use
  • Set up single and recurring payments using our online portal

Apply now and you could have access to funds within 24 hours!



Possible applications for business line of credit loans

Whether you’re beginning your business journey, optimising established systems and processes, or looking to expand operations, Prospa’s line of credit for business is an effective way to help manage your cash flow and achieve your goals. It can be used to:

  • Purchase inventory
  • Cover operational costs
  • Manage cash flow
  • Renovate or expand your premises
  • Help with seasonal fluctuations in income
  • Take advantage of business opportunities
  • Run marketing campaigns

Try out our business finance service today and see how easy it is to get started with a line of credit.



Revolving line of credit business eligibility

To qualify for our small business revolving line of credit, you must fulfil the following eligibility requirements:

  • You must be over 18 years old and own a New Zealand business with a valid NZBN.
  • You must be a permanent resident or citizen of New Zealand.
  • You must be able to demonstrate six months of trading for a new business (or three months if you have purchased an existing business).

Tick all of those boxes? Get started today!


Customers making it happen with a Prospa loan

Read customer stories

Why Prospa? Because we support small business.

No more compromising or missed opportunities with Prospa by your side. This time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do. We’re New Zealand’s small business lending specialist.


Fast application and decision, and funding possible in 24 hours on flexible options up to $500,000.


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


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

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist



The first step to choosing a funding option for your business is working out what you’re looking for in a lender and loan – and what you want to use the funds for. A revolving business line of credit is a great way to cover working capital and unexpected expenses, so if that sounds appealing to you, then a line of credit is probably the right choice.

It’s important to look further than just interest rates when comparing types of finance. A business line of credit is like a business tool to help you manage the ups and downs of the cash flow cycle. Plus you only pay interest on the funds you use. It’s the features of the product that really shine in this case. With Prospa’s small business revolving line of credit, you can get ongoing, flexible access to funds up to $150,000, pay interest only on the funds you use, and not have to worry about upfront asset security.

Other questions? Talk to a specialist