It’s no wonder Prospa is one of Australia’s top small business lenders with over $1 billion funded to 19,000 businesses. Applying for a Prospa business loan takes just a few minutes and you could have the cash in just a few days. The company now offers two funding products at very attractive rates - business loans and a line of credit.
Minimal documentation is required to qualify for a Prospa loan up to $100K. Loans greater than that amount may require additional financial documentation, such as a P&L and cash flow statement.
You can apply online for your Prospa loan through one simple online application and can access your online application anytime from your mobile or computer.
Once approved for a loan, you could receive the money in as little as 24 hours.
Prospa uses encryption technology to protect all sensitive, financial and personal information. The company is ISO27001 certified and uses a bank verification system to securely and instantly verify any bank account that is linked through its application.
Prospa gets two thumbs up for its attractive interest rates from 9.9% p.a. and for its simple approval process. Minimal documentation is required for loans up to $150K and no asset security is needed for loans under $100K.
Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.