Prospa Business Loan – Loan details
Prospa specialises in small business loans in NZ, with fast online applications and same-day funding for eligible businesses.
Loan amount
$5,000 – $150,000
Interest from
9,90 %
Term
3 – 24 months
Approval
Same day
Pros
- ✓ Fast approval – same day possible
- ✓ No financial statements for smaller loans
- ✓ Up to $150,000
- ✓ Flexible repayment frequency
Cons
- ✗ Short terms 3-24 months
- ✗ No benefit to early repayment
- ✗ Higher effective cost than bank loans
Requirements
- ✓ NZ registered business
- ✓ Trading for at least 12 months
- ✓ Minimum monthly revenue $6,000
- ✓ Business bank account
- ✓ Valid NZ director ID
Company information
Prospa Group Limited
Auckland, New Zealand
https://www.prospa.com/nz/
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.nz is an independent comparison portal.