Prospa: Supporting NZ Businesses

This month we're showcasing one of our lending partners for New Zealand's businesses - Prospa.

Prospa pride themselves in being a simple, stress free and seamless financial provider. They're all about supporting small businesses across NZ by providing a great depth of knowledge and understanding of small businesses needs. 

Listening, learning, and evolving alongside their customers, Prospa has made a positive impact in the market and continue to help businesses across the country.

All About Prospa...

Loan Options...

With their strong ideals and great expertise, Prospa have formulated three loan types to best suit businesses in New Zealand: 

Prospa Small Business Loan
$5,000 up to $100,000 for unexpected expenses or a one-off purchase.
With the Small Business loan, you're able to borrow from $5,000 up to $100,000. Prospa offers a 24-hour processing time for applications, along with an indication of the fixed repayments. This loan also has flexible repayment terms of 3 – 36 months, with the freedom to pay out your loan early and save on interest. No upfront security is required in the form of assets for up to $150,000 in Prospa funding.

Prospa Plus Business Loan
Loans of $100,000 to $500,000 to invest in growth opportunities.
Borrow above $100K and up to $500,000 with a decision within 24 hours of your application submittion along with an indication of fixed repayments. There are no upfront credit checks for pre-approval on loans above $250,000. However, upfront asset security is required for loan applications above $150,000. Charge over the applying business entity(ies) will be registered on the Personal Property Securities Registry (PPSR). Prospa also offers early payout options for this loan.

Prospa Business Line of Credit
Ongoing, flexible access to funds up to $150,000 to help you stay on top of cash flow fluctuations.
Prospa offers a Line of Credit option for between $2,000 and $150,000 where customers can use and reuse the funds as required. You are only required to pay interest on the funds you use. There are also flexible terms with with an initial 24-month term with option to renew. No asset security is required upfront to access the Prospa funding for up to $150,000.

*Lending criteria and terms & conditions apply

If this has sparked your interest in applying for a business loan through Prospa, please feel free to get in touch to discuss your needs.

Looking forward to hearing from you,

Fiona