You need to be at least 18 years of age and an NZ citizen to qualify for a Prospa business loan.
Your business must have a valid NZBN, a monthly turnover of at least $6000, and have been in operation for a minimum of six months.
Interest rates vary depending on the type of facility, the amount borrowed, assets used, and the industry the business operates in among other things. You’ll also have to factor in whether you’ll be going for a fixed or variable interest rate, and whether the business will have sufficient cash flow in order to support the loan.
*edit - turns out the providers are all upgrading and the glimp site is more up to date* Both the highlighted deals i clicked through to get turned out to be inaccurate speeds. Glimp saying 300/100 both providers only offering 100/20 for the price given, despite giving the same address in both sites. still giving 3 stars though as regardless the deals through Glimp are better than the standard advertised deals on the providers site.
Sign up didn't go quite the way it was meant to. But Kate called and she walked through everything so we could work out what went wrong. she was patient, friendly, supportive and kept me calm to finally get plan registration sorted ( still can't log in though - she must be magic )