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To continue supporting Australian small businesses and partners, Prospa has a range of end-of-year promotions. This time of year can add challenges and opportunities to cash flow and a no-repayment period allows them to focus on their immediate business needs, particularly with the current economic environment.
Promotional period: 24 October – 31 December 2022 (inclusive)
Prospa is offering no repayments for up to the first 8 weeks on their Small Business Loan & Prospa Plus Business Loans to allow businesses to focus on the here and now. This will extend their loan term and interest will accrue from the settlement date to the end of the term. Terms & conditions apply.
1. Boost commission
Accredited partners will earn extra commission above the usual rates for all new customers referred and settled by 31 December 2022:
- For Prospa Small Business Loan with the disbursed amount of up to $150,000 – Earn 6% (2% increase from usual rate) commission for first-time & new referral customers.
- For Prospa Plus Business Loan with the disbursed amount over $150,000 – Earn 5% (1% increase from usual rate) commission for first-time & new referral customers.
- For Prospa Line of Credit – Earn 5% (2% increase from usual rate) on First Drawdown commission for the first-time & new referral customers.
2. Partner Small business Loan offer
Accredited partners can also apply for a loan to invest in their own business with Prospa’s discounted rate offer. Apply for a small business loan of up to $150K, if approved and settled on, receive a maximum rate of Annual Simple Rate of 14.9% p.a. Credit assessment, fees, terms, and conditions apply.
For more information on Prospa’s promotions and for terms and conditions head to their website here.
For any questions please reach out to your BDM.