SME Business Loan

Client-focused lending for NZ small businesses

Prospa provides SME business loans of up to $500,000 to help New Zealand businesses grow or for working capital. Our speedy application process begins online and takes as little as 10 minutes, then you get a fast decision and funding is possible in 24 hours so you need never miss a business opportunity again with help from Prospa.

Our business loans are designed especially for small businesses with repayment terms of between 3 and 24 months, competitive interest rates and structured repayments that work in with your cash flow – either daily or weekly.


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


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

Need a business loan to upgrade your SME business?

It’s time to invest in your company’s growth. Let Prospa provide your business with a client-focused approach that means you can relax and focus on growing and expanding your business in New Zealand and beyond. Could a small business loan from Prospa help you to lift your business and take it into the future? Apply online today for an SME business loan and get the cash flow support your business needs.

A small business loan can fund:

  • Café renovations
  • New signage and advertising space
  • Business rebranding
  • Latest, cutting edge technology
  • Software and hardware upgrades
  • Kitchen appliances and equipment
  • New coffee machines
  • Updated work vehicles
  • And more


Frequently asked questions

If you’re a NZ small business owner who has been trading for 6 months or more (or you bought an existing business at least 3 months ago) and you can demonstrate a turnover of $6,000 or more per month, you can apply for an SME business loan with Prospa.

The small business loan application process takes around 10 minutes and starts with an online form. It’s a good idea to have handy your NZBN, driver’s licence details, basic details about your business (operating years, structure & turnover) & trading business bank account details. For small business loans over $250,000, you’ll also need some basic financial statements, like a P&L and cash flow.

Once we have everything we need from you for your SME business loan application we usually provide a very quick decision with funding possible in 24 hours to most NZ financial institutions. If your loan is approved, we’ll email you with a loan document with all the details about your small business loan. This includes finance amount, interest rate, fees, and your repayment details so you have everything up front and know exactly where you stand. You can then sign the business loan document electronically and the process is complete.

If you’d rather not use an asset as upfront security against your small business loan – Prospa can help. For SME business loans of up to $150,000, New Zealand businesses don’t need asset security to access the funds. Terms and conditions apply, of course, but it is a handy thing to know if you need the finance to support working capital.

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Other questions? Talk to a specialist