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 same-day funding
- ✓ No property security required
- ✓ Simple online application
Cons
- ✗ Short maximum term of 24 months
- ✗ Higher rates than secured loans
- ✗ Business loans only
Requirements
- ✓ Registered NZ business
- ✓ At least 6 months trading
- ✓ Minimum monthly revenue
- ✓ NZ business bank account
- ✓ Director personal guarantee
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.