We refer to Prospa, an experienced NZ SME lender.
When a borrower clicks "see if you qualify" on the calculator, the application hands off to Prospa for a firm quote and funding if eligible. This page explains who Prospa is, how the referral works, and what happens next.
Indicative only. Why we say this
About Prospa
An experienced NZ SME lender with a fast online path.
Prospa is one of the most experienced SME lenders operating in the New Zealand market. The product range covers small unsecured business loans, larger secured business loans, and a revolving line of credit. Most amounts under $150,000 do not require upfront property security; a director's personal guarantee is the standard arrangement.
What Prospa does well: fast online applications, decisions often within a business day on smaller loans, and a willingness to fund SME profiles the major banks frequently decline. What Prospa does less well: unsecured pricing sits above major-bank secured pricing (this is true of every alternative lender, by structural cost-of-capital reasons). For asset-secured borrowing in particular, a major-bank or specialist offer can sometimes beat Prospa.
NZ-focused
New Zealand SME lender
Loan size
$5K to $500K+
Decisions
Often within a business day
Security
No upfront property security on most amounts
The referral flow
How the handoff to Prospa works.
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01
Run the calculator
Slide the amount, term, and indicative rate to see weekly and monthly costs. The calculator output is indicative only.
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02
Click "see if you qualify"
The calculator card swaps to a brief loading screen, then redirects to Prospa's application URL. We do not pass calculator inputs across.
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03
Prospa takes it from there
Prospa asks a few quick questions, runs a credit assessment, and provides a firm quote with funding if the business is eligible.
Commercial disclosure
We earn a referral commission from Prospa.
Businessloans.org.nz earns a commission from Prospa when a referred application converts to a funded loan. The commission is paid by Prospa, not by the borrower, and does not change the rate, fees, or terms Prospa offers the business. We do not claim Prospa is the cheapest or best lender for every applicant; alternatives exist at the major banks, asset-finance specialists like Heartland Bank or UDC Finance, and other alternative lenders. This page is not personalised financial advice.
FAQ
Prospa partnership, questions answered
Who is Prospa?
Prospa is one of the most experienced SME lenders operating in the New Zealand market, with a focus on fast online applications and unsecured small-business lending. Prospa has funded thousands of New Zealand businesses and runs both a Small Business Loan product (commonly $5,000 to $150,000 unsecured) and a larger Business Loan Plus product (commonly $150,000 to $500,000, security may be required).
How does the businessloans.org.nz referral to Prospa work?
After running the calculator, the "see if you qualify" button hands off to Prospa. Calculator content is replaced with a brief loading screen, then the browser redirects to Prospa's tagged application URL. Prospa asks a few quick questions on their next step, then provides a firm quote and arranges funding if the business is eligible. We do not pass calculator inputs across; the application begins fresh with Prospa.
What information does Prospa ask for?
Prospa's standard application asks for the business owner's ID, an active NZBN, recent business bank statements (typically the last 3 to 6 months), and a brief on the loan purpose. Larger loan amounts (above $150,000) typically require additional documentation including a P&L and cash-flow projection. Prospa runs a credit assessment on both the business and any directors providing personal guarantees.
Why have you chosen Prospa as the partner?
Prospa is a registered Australian Securities and Investments Commission (ASIC) and FSPR-listed lender with a multi-year operating history in New Zealand. The product range, online application path, and decision-time profile fit the typical NZ SME borrower profile that this site is built for. We are not claiming Prospa is the cheapest or best lender for every business; for some applicants, a major bank or asset finance specialist will price below Prospa.
Do you earn money when I apply through Prospa?
Yes. Businessloans.org.nz earns a referral commission from Prospa when a referred application converts to a funded loan. The commission is paid by Prospa, not by the borrower, and it does not change the rate, fees, or terms Prospa offers the business. Disclosure is part of the FMC Act fair-dealing posture this site operates under.
Am I obligated to take a loan from Prospa after clicking through?
No. Clicking the calculator CTA hands you to Prospa's application form, but you can stop at any point. Prospa's application does not constitute an offer of credit; an offer is made only after Prospa's credit assessment and is then accepted or declined by the borrower in writing.
What if Prospa declines my application?
A Prospa decline is not the end of the road. The NZ business-lending market includes alternatives at the major banks (ANZ, ASB, BNZ, Westpac, Kiwibank), specialist asset finance lenders (Heartland Bank, UDC Finance, Pioneer Finance), and other alternative lenders (Avanti, BizCap, GetCapital). Different lenders price and underwrite differently; an application that doesn't fit Prospa's box may fit another lender's.
Can I contact Prospa directly without going through this site?
Yes, Prospa is a direct lender and applications can begin at prospa.co.nz directly. Going via this site's calculator CTA passes a partner referral tag that is used by Prospa for tracking; it does not change the offer Prospa makes.
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