> _Markdown transcription of Prospa Small Business Loan policy wording, effective html-capture-2026-05-17. Source: https://www.prospa.co.nz/small-business-loan_ --- # Prospa Small Business Loan (NZ) Source: https://www.prospa.co.nz/small-business-loan Captured: 2026-05-17T22:25:25.706Z SHA-256: 639784da0c2b8f4466134b2bce18bf674cf23b0d43d8b283dec3f49f77b88884 ## Headline Fast & Flexible Loans up to $150K. Apply in 10 minutes with minimal paperwork; funding possible in hours. ## Loan range - $5K – $150K: standard unsecured; 1-hour decision possible with bank-verification flow - $150K – $500K: registration fee may apply if Prospa registers a caveat/mortgage over real property; 2–3 day turnaround ## Repayment Weekly repayments, automatically deducted from nominated business account. Unlimited extra repayments allowed (save interest, pay off faster). ## Pricing Prospa prices each loan upfront. No published APR. Borrower sees total amount payable + weekly repayment before accepting. ## Eligibility - Monthly turnover of $6K minimum ## Fees - Early payout: 1.5% of remaining principal + any outstanding fees - Registration fee over $150K may apply (caveat/mortgage)