prospa review

Prospa is the small‑business lender you call when the bank says “come back with three years of audited perfection.” Fast approvals in Australia, slick app, and funds that land quicker than a barista can misspell your name.

Rates are higher than a traditional bank loan, and you’ll likely sign a personal guarantee—so it’s not exactly a Sunday drive.

Great for short-term cash flow, equipment, or tax-time tidying; less great if you want the absolute cheapest money in Australia.

Read the fee schedule twice, ask about early repayment costs, and compare against a bank overdraft or line of credit before you pull the trigger.