Founded in 2011, Prospa is now Australia’s leading lender, having lent more than $1.35 billion to over 24,000 Australian businesses. The company has received multiple industry awards and a 4.9/5 customer rating on Trustpilot.
To apply for business funding through Prospa you need to either link your bank statements or else provide your last 6 months of bank statements in PDF format.
For funding of $150,000 or less Prospa needs:
For loans over $150,000 you’ll need to provide all the above plus:
Prospa’s loan application is online and takes just a few minutes to complete. After filling in basic contact information and business details, you’ll be asked to either link your bank statements or provide PDF versions. Although the process is automated and online, customer service representatives are very responsive and able to help you throughout the process.
Prospa has a customer rating of 4.9 out of 5 on Trustpilot, indicating that the company is well-regarded and has strong credibility.
Prospa offers multiple ways to reach their customer support team, via phone, email or an online form available through their website. They also have a live chatbot option, which is available during normal Australian working hours. Customer support is extremely responsive with a quick turnaround time.
Businesses that need quick and easy funding with flexible terms will find that Prospa can fulfill all these requirements.
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.