Non-bank SME lender
Prospa
Prospa is a non-bank lender offering term loans and lines of credit to Australian small and medium businesses. Check whether Prospa fits your client's scenario before you call.
Products
Term loan
Line of credit
About Prospa
Prospa is an Australian online lender to small businesses. It was founded in Sydney in 2012 by Beau Bertoli and Greg Moshal, listed on the ASX in 2018, and was taken private in 2024 by a consortium led by Salter Brothers. Prospa also lends in New Zealand, where it launched in 2019.
How Prospa lends
Prospa lends online, with applications made through its website or through a partner. It runs personal credit checks through credit reporting bodies alongside its own assessment of the business. Its application lists companies, sole traders, partnerships and trusts as business types, and business owners need to be Australian citizens or permanent residents. Larger facilities can require upfront security.
Prospa products
Small Business Loan: Prospa's entry fixed-term loan, paid as a lump sum.
Business Loan Plus: a larger fixed-term loan for more established businesses, with upfront security.
Business Line of Credit: a revolving facility the business can draw on, repay and draw again.
Prospa also offers a business account and payment tools.
Working with Prospa as a broker
Prospa runs a partner program, Prospa Partners, for brokers and other referrers. Partners can work with Prospa directly or refer clients, and leads are submitted and tracked in the Prospa Partner Portal, which also shows commission and status updates. Prospa says partners earn commission on both new and repeat deals from a single referral, and it provides marketing resources for partners. It doesn't publish commission rates.
What your client will usually need
Active ABN or ACN
Owner who is an Australian citizen or permanent resident
Valid driver's licence
Consent to a personal credit check
Is Prospa the right fit for your client?
Loan amounts, terms, minimum trading history and turnover change over time, and every lender sets its own policy on credit, industry and security. Enter your client's scenario in Visro to see whether Prospa fits today and how it compares with the rest of the panel. Lenders can't pay to rank, so results reflect policy alone. For Prospa's current figures, see our Prospa broker guide.
Prospa FAQs
Is Prospa a bank?
No. Prospa is a non-bank online lender to small businesses.
Does Prospa work with brokers?
Yes, through Prospa Partners and its Partner Portal.
Does Prospa pay broker commission?
Prospa says partners earn commission on new and repeat deals. It doesn't publish rates.
Does Prospa offer a line of credit?
Yes. Alongside its term loans, Prospa offers a Business Line of Credit.
Is Prospa listed on the ASX?
Not any more. Prospa listed in 2018 and was taken private in 2024.
Does Prospa lend in New Zealand?
Yes. Prospa launched in New Zealand in 2019.
Similar lenders on Visro
Sources
Information on this page is general, is based on Prospa's public materials and industry news, and was last reviewed in November 2026. It may change. Always confirm current products and terms with Prospa.
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Lender names, logos and trade marks belong to their respective owners and are used only to identify the lender. Inclusion on Visro does not mean a lender endorses Visro or has a commercial relationship with us. Product information is general, may change, and is not an offer or recommendation of credit. Always confirm details with the lender. Visro does not provide credit assistance or financial advice.