Phone: 0800 964 808
Email: partners@prospa.com
Website: prospa.co.nz
Notes: Prospa offers business loans with a focus on fast funding and low documentation requirements. They provide loans up to $500K with terms up to 5 years. Above $100K → Property ownership required 。这是 ASR（Annual Simple Rate），实际 APR 会更高。
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How the lender classifies/segments borrowers into tiers or suites
| Tier | Criteria | Base Rates |
|---|---|---|
| Tier 1 | Credit score 550, 3 years trading, $55k monthly revenue |
Investor Full Doc: 17.99% Investor Alt Doc: 19.99% |
| Tier 2 | Credit score 650, 5 years trading, $55k monthly revenue |
Investor Full Doc: 14.99% Investor Alt Doc: 16.99% |
| Tier 3 | Credit score 700, 7 years trading, $55k monthly revenue |
Investor Full Doc: 9.99% Investor Alt Doc: 12.99% |
| LVR Range | Premium | Notes |
|---|---|---|
| None | Construction and Demolition, Transport: up to +2% ASR | $100K can have a max price of 19.99% ASR |
| Amount Range | - |
| Max LVR | - |
| Term | - ~ 60 months |
| Interest Rate | 17.99% - 19.99% |
| Payment Types | principal_and_interest |
| Turnaround | - |
| Min Credit Score | 550 |
| Min Trading | 3 years |
| Min Turnover | $55,000/mo |
| Property ownership | Not required |
| Security Types | commercial |
| Establishment Fee | - |
| Documentation Fee | - |
| Monthly Fee | - |
| Line Fee | - |
| Credit History | A clean credit history is required to receive the above prices. This means: A maximum of 1 dishonor in the last 6 months. No unpaid defaults. Competitor loans may impact pricing. |
| Documents | Completed application form 6 months bank statements A copy of IRD Portal when the total exposure is above $100k |
| Amount Range | $55,000 - ∞ |
| Max LVR | - |
| Term | - ~ 60 months |
| Interest Rate | 14.99% - 16.99% |
| Payment Types | principal_and_interest |
| Turnaround | - |
| Min Credit Score | 650 |
| Min Trading | 5 years |
| Min Turnover | $55,000/mo |
| Property ownership | Not required |
| Security Types | commercial |
| Establishment Fee | - |
| Documentation Fee | - |
| Monthly Fee | - |
| Line Fee | - |
| Credit History | A clean credit history is required to receive the above prices. This means: A maximum of 1 dishonor in the last 6 months. No unpaid defaults. Competitor loans may impact pricing. |
| Documents | Completed application form 6 months bank statements A copy of IRD Portal when the total exposure is above $100k |
| Amount Range | - |
| Max LVR | - |
| Term | - ~ 60 months |
| Interest Rate | 9.99% - 12.99% |
| Payment Types | principal_and_interest |
| Turnaround | - |
| Min Credit Score | 700 |
| Min Trading | 7 years |
| Min Turnover | $55,000/mo |
| Property ownership | Not required |
| Security Types | commercial |
| Establishment Fee | - |
| Documentation Fee | - |
| Monthly Fee | - |
| Line Fee | - |
| Credit History | A clean credit history is required to receive the above prices. This means: A maximum of 1 dishonor in the last 6 months. No unpaid defaults. Competitor loans may impact pricing. |
| Documents | Completed application form 6 months bank statements A copy of IRD Portal when the total exposure is above $100k |
| Amount Range | $0 - $500,000 |
| Max LVR | - |
| Term | - ~ 60 months |
| Interest Rate | - |
| Payment Types | - |
| Turnaround | 24h (1d) |
| Min Credit Score | 400 |
| Min Trading | 1 years |
| Min Turnover | $6,000/mo |
| Property ownership | Not required |
| Security Types | Any |
| Establishment Fee | - |
| Documentation Fee | - |
| Monthly Fee | - |
| Line Fee | - |
| Security | No upfront security required up to $150K. Charge on PPSR above $150K. |
| Documents | Bank statements |
| Industry | Industry exclusions may apply |
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