Home - Prosperity Advance Business Loans

Step 1

Apply Online

It takes less than 2 minutes to submit your brief details online.

Apply now

Step 2

Same Day Approval

Our friendly specialists can approve your business loan fast.

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Step 3

Funding in 24 Hours!

After approved you could have the money in your bank within 24 hours.

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For a seamless process.

Our funders friendly representatives will assist you personally after you submit your brief details online.

All you need to have ready is your driver’s licence number and your business ABN.

You can choose to use an advanced bank verification system link to instantly verify your bank information online and your application will be processed faster.

Alternatively, you can choose to provide copies of your bank statements. Depending on how much you borrow, you may need financial statements too.

How It Works

Lending Criteria

Business trading history > 6 months.

Min $6,000 p/mth turnover.

Any suitable business purpose.

Just 3 months trading if bought existing business.

Lending Requirements

3 months bank statements.

Drivers Licence or other ID.

Your business ABN.

Financials for loans > $100,000.

Features

100% unsecured up to $100,000.

Terms from 3 to 24 months.

Borrow up to $250,000.

Low fixed repayments - no hidden fees.

Benefits

No early repayment penalties.

No application fee.

Same day approvals.

Funds in account next day.

Why choose us?

We want to help you take advantage of opportunities. Unlike traditional lenders, our entire process makes getting business loans easy – so you spend less time applying, and more time realising your dreams.

Submit your application online in under 2 minutes. Simple!

Upon loan approval, funding is possible in 24 hours.

Our team of lending experts are available to answer questions.

We’re Australian owned and operated, with an Australian Credit Licence.

Utilizing the Lending Innovator of the Year - Fintech Business Awards 2017.

Testimonials

(models used to represent real people)

“Our cafe used the small business loans to buy equipment, undertake marketing and expand into a new location.”

Bare Grill Cafe

They believed in us when no one else did,” said Joe. “The process was simple. The application took ten minutes and was approved in 24 hours. We had the funds within three days.

Joe

Just Pets owner used her loan to grow her retail business and found the process quite easy.

Just Pets

Frequently asked questions

1Tell me about the business loan.

It is a loan of between $5,000 and $250,000 with no security required to access up to $100,000. The term of the loan is between 3 and 24 months and the cash flow friendly repayments are either daily or weekly.

2How is your business loan different?

You can apply for our business loan in just a couple of minutes online, receive a same day response and the funds could be in your account in 24 hours. Traditional business loans reference an interest rate per annum plus other fees and charges. Our business loan details the total amount payable upfront including any interest, fees or charges. This is then broken down into either a daily or weekly repayment figure.

3What can the business loan be used for?

Our fast and flexible funding can be used for any worthwhile purpose including business renovations, marketing, to purchase inventory or new equipment, as general working capital and many other purposes. Loans cannot be used for personal purposes.

4How do I apply?

The application process is easy and fast. Simply complete the online form. If you are applying for $100,000 or less, you need: Your driver licence number Your ABN Your BSB and account number For loans over $100,000, you’ll also need some basic financial statements, like a P&L and cash flow.

5How fast will I get a response?

You can apply in just a few minutes online and then one of our friendly representatives will give you a call back. You may receive same-day approval, if you apply during standard business hours and allow us to use an advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statement, we can usually provide a decision in one business day.

6How fast will I get the money?

Funding is possible within 24 hours. If you apply before 4pm on a business day, you may have the money in your account that same business day.

7How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. We consider a variety of factors to determine the health of your business and, based on this information, you may be able to borrow up to $250,000.

8How do you charge for a business loan?

The business loan offers a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on things like your industry, how long you have been in business, and the health of your cash flow. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn’t compound.

9What are the fees?

The amount due from day one includes the origination fee. There are no additional fees (excluding any late payment or default fees) and no penalties for early repayment.

10Is there an early repayment penalty?

There are no additional fees for early repayment and no balloon payment at the end of your loan. Right from the start you will know the total amount due and the date of your final payment. Once you make the final payment your balance will be $0.

11How do repayments work?

To help you avoid missing repayments we offer repayments that fit in with your cash flow cycle – either daily or weekly. These are automatically deducted from your nominated business account.

12Is it safe to link my bank account with advanced bank verification systems?

Yes. An advanced bank verification system link is used to instantly verify your bank account information online so you can get a fast response. Industry recognised encryption standards are followed to protect your personal, sensitive and financial data and commitment to customer security and privacy is ensured through ISO27001 certification.

Our partners

As a business owner having access to finance is vital for you and your business. Take charge of your cash flow and your business aspirations today with a fast & easy business loan.