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Are you considering a business loan to grow your business?
We have access to a fast, flexible business lender that can provide funding within 24 hours. Here’s a quick example of a recent customer they helped:
Example: Friendly neighborhood lawn mowing business, trading for 5years.
Business Overview: Needing funds, to purchase cleaning business & equipment and expand their offering.
- Average Monthly Revenue: $35,000
- Loan Amount: $35,400, including Origination Fee
- Term: 12 months
- Weekly Repayment: $837
- Turnaround: 1 day
- Documents: 12 months bank statements
A couple of benefits this product has on offer
- 14 day change of mind policy. If you proceed with the loan today but decide against it within 14 days, we can cancel it for you. Link for more details here https://www.prospa.co.nz/important-documents/change-of-mind-policy
- Lumpsum Payments – Our loans are flexible and allow for as many lumpsum payments to be made towards the loan at no extra cost, this reduces the total interest cost of the loan. There are also early repayment options.
- Early Repayment options – The client can pay-out the loan anytime and will be left to pay the remaining principle at the time plus 1.5% of the principle. This means if he does want to refinance, it’s easy to do so.
Is my business eligible?
Your eligibility depends on a few key factors. Your business must meet the following minimum criteria:
- For most industries, from 6 months trading history
- Minimum monthly turnover of $6K
- Business owner must be 18+ years
- Business owner must be a New Zealand citizen or permanent resident
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