Key partnership proves mutually beneficial

PLAN Australia adds Prospa to its lender panel.

Key partnership proves mutually beneficial

PLAN Australia does enormously important work, and that is set to continue after they added Prospa, Australia’s number one online lender to small business, to its lender panel.

The partnership will provide PLAN Australia brokers with greater product choice for their small business clients, including business loans ranging from $5,000 to $300,000 and a revolving line of credit up to $100,000. Prospa will also support PLAN Australia brokers with an extensive range of marketing and education resources for small business lending, available through its Partner Portal.

Prospa offers cash flow products and services specifically designed for the small business sector with simple online applications, fast turnaround times, flexible repayments, and no asset security required upfront to access up to $100,000. 

“With an increasing number of small business owners seeking the expertise of brokers to provide funding solutions, it’s important that we maintain a diversified lender panel to continue to meet their needs,” PLAN Australia CEO Anja Pannek said.

“I’m delighted to announce PLAN Australia’s partnership with Prospa which will enable our members to offer a wider range of products and services suited to their small business clients.”

Prospa head of partnerships Alex Brgudac echoed Pannek’s sentiments, noting his pleasure at forming such a key partnership moving forward.

“We’re thrilled to partner with PLAN Australia and to be able to support even more of the 2.3 million small business owners across Australia,” he said.

“Brokers are key to what we do at Prospa and play a crucial role helping their clients understand the different funding options available to them.

“Currently more than half of Australians use a broker when applying for a home loan, and we see that same opportunity in small business lending. Together we can make a big difference to the small business economy.”

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