# Small Business Loan — Prospa

**Insurer:** Prospa (`prospa`)
**Product slug:** `small-business-loan`
**Status:** active
**Vertical:** business-lending
**Extraction confidence:** inferred

**Wording effective:** html-capture-2026-05-17
**Source PDF:** https://www.prospa.co.nz/small-business-loan
**PDF hash (sha-256, first 16):** `639784da0c2b8f44…`

## Fees

{"early_payoff":"1.5% of remaining principal plus any outstanding fees","registration_fee_over_150k":"May apply if Prospa registers a caveat or mortgage over real property"}

## Extras

{"unlimited_extra_repayments":true}

## Eligibility

{"min_monthly_revenue_nzd":6000}

## Max Loan Nzd

500000

## Min Loan Nzd

5000

## Security Type

mixed

## Repayment Freq

weekly

## Max Term Months

_Not on file._

## Min Term Months

_Not on file._

## Rate Disclosure

{"kind":"per_quote","text":"Prospa prices the loan upfront based on the application. No published annual percentage rate. Borrower sees total amount payable + weekly repayment figure before accepting.","source_url":"https://www.prospa.co.nz/small-business-loan"}

## Min Trading Months

_Not on file._

## Max Loan Unsecured Nzd

150000

## Min Monthly Revenue Nzd

6000

## Funding Speed Advertised

Same-day decision; funding possible in hours for $5K-$150K (1-hour decision with bank verification). 2-3 days for $150K-$500K.

## Machine-readable endpoints

- Structured facts: `/api/business-lending/product/prospa/small-business-loan/facts.json`
- Full markdown wording: `/api/business-lending/product/prospa/small-business-loan/wording.md`
- Version history: `/api/business-lending/product/prospa/small-business-loan/history.json`
- Insurer profile: `/api/business-lending/insurer/prospa/summary.md`

## Citation

Cite as: Prospa Small Business Loan policy facts (wording effective html-capture-2026-05-17), InsureNZ, accessed 2026-05-18.
Canonical URL: https://insurenz.co.nz/api/business-lending/product/prospa/small-business-loan/summary.md
Primary source: https://www.prospa.co.nz/small-business-loan
License: CC BY 4.0 — attribute https://insurenz.co.nz