Business loans made easy

Apply today for a loan that works for your business.

8 epic growth hacks

Take your business to the next level with our clever growth hacks that give you a grip on the market before your competitors can overtake you. From improving your ranking on Google to getting the most out of your social media –  learn how to get started with this guide.

Unsecured Loans

No assets? No worries

There’s no security required
to access up to $100,000.


Borrow between $5,000 and $250,000 with loan terms from 3 to 24 months and cash flow friendly repayments.



Apply online in 10 minutes and you can receive funds in 24 hours. It’s faster than your bank.

friendly support


Our friendly team is available to answer questions on
1300 901 570.

Reckon Loans provides quick turnaround finance. It’s designed for small to medium business owners who need finance to grow, seize opportunities or to support cash flow over the short term.

Reckon Loans EOY offer: No repayments until 6 Jan 2019

Late invoice payments and cash flow gaps are common at this time of year, but you can be prepared for any cash flow eventuality with our end of year business finance offer.

*Terms and Conditions apply

“The process was too easy. I made the phone call, answered all the questions, and it took half an hour. I was approved for a business loan within 24hrs and the funds were in my account that afternoon.”

Yesha Avsar, Just Pets

Why Prospa?

We’ve partnered with Prospa to create Reckon Loans and provide our customers financing that is faster and friendlier than your bank.

Unsecured Loans

Advanced security

Prospa uses industry-recognised encryption standards and they’re ISO 27001 certified for their commitment to customer privacy.

customer service

World class customer satisfaction

They’re backed by a Net Promoter Score of +77 and are ranked #1 in the money category on independent review site, TrustPilot.

Unsecured Loans

Trusted by over 12,000 businesses

They’ve already helped thousands of small businesses access the funds they need to grow.

Unsecured Loans

Over $500m in small business loans

They’ve supported Australian businesses with more than $500 million and counting.

Reckon Business Loans is offered by Prospa Advance Pty Ltd ACN 006 593 219. Terms and conditions and fees and charges apply. Request more information by calling 1300 901 570. Reckon Limited is the introducer only and does not guarantee or support Prospa Advance Pty Ltd in any way. Prospa is not part of Reckon Limited.
Telstra Australia Business Awards 2015 NSW Finalist
Deloitte Technology Fast 50 2015 - winner
BRW Fast Starters 2015
Prospa Fintech 2017 award

How it works

We take the work out of getting a small business loan in three simple steps.

Easy application

Apply online or over the phone in minutes.

Fast decision

Get a decision and funding possible in
24 hours. It’s much faster than your bank.

Keep the momentum

Enjoy cash flow friendly repayments with no penalties for early payback.

What you need to have ready

For loans of $100,000 or less, all you need is:

  1. Your Driver’s Licence number
  2. The ABN for your business
  3. The BSB and account number of your main trading account

For loans over $100,000:

You will need some basic financial statements like a P&L and cash flow, so we can evaluate the health of your business and see what kind of repayments your business can manage without stress.

Frequently asked questions

What's Reckon Loans?

Reckon Loans helps entrepreneurs access business loans from $5,000 to $250,000. The term of the business loan is between 3 and 24 months, with cash flow friendly repayments that are either daily or weekly.

How fast will I get a response?

You can receive a response in as little as one hour, if you apply during standard business hours and allow Prospa to use an advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statement, Prospa can usually provide a decision in one business day. It’s much faster than your bank.

What are the fees?

The amount due from day one includes the establishment fee. There are no ongoing fees (excluding any late payment or default fees) and no penalties for early repayment.

Is there any penalty for early repayment?

There are no fees for early repayment and no balloon payment at the end of your business loan. Once you make the final payment, your balance will be $0.00.

Why is Reckon introducing Prospa?

At Reckon, we’re transforming the way small businesses access financing. We’re making business lending smarter, faster and easier. That’s why we’ve engaged Prospa, Australia’s #1 rated financial services company on TrustPilot. Prospa has funded more than $500 million to over 12,000 Australian businesses.

How fast will I get the money?

If you apply before 4pm on a business day, you can have money in your account that same business day. Otherwise, you will receive funding the next business day.

What is the interest rate?

Prospa offers a factor rate (instead of an interest rate) because the terms are usually less than 12 months. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the short term business loan is originated.

What can Reckon Loans be used for?

Need finance to implement your business plan? Our fast and flexible business loan can be used for any worthwhile purpose including renovations, marketing, to purchase inventory, new equipment, general working capital and any other business requirement.

How does Reckon work with Prospa?

Reckon Loans is powered by Prospa. Reckon Limited is not a provider of financial services. Reckon Limited acts as an introducer only.

How much can I borrow?

Prospa may be able to provide you with a business loan of up to $250,000. The total amount of your loan will depend on the specific circumstances of your business.

What are the repayment options?

Prospa offers daily or weekly repayments that are automatically deducted from your nominated business account, which ensures repayments are seamless.

Is it safe to link my bank account to the platform?

Yes. Prospa is compliant with all applicable Australian quality and security standards. Prospa also encrypt all personal, sensitive and financial data. Prospa uses an advanced bank verification system link to instantly verify your bank information online so they can provide a response, usually in one hour.

Success Stories

See how we have helped other businesses just like yours with their finance!

“The paperwork is very simple, very easy. The business loan application and approval took about two and a half hours. It doesn’t affect your cashflow, it gives you that sense of security. It’s just one easy payment each week to come out of your bank. You don’t even notice it.”

James Mussillon, Courgette Restaurant

Business loans made easy

Complete the application below and get a decision in 24 hours. 

Thank you for submitting your application for a Reckon Loan

We’ll notify you shortly on the status of your application and we may request some additional information from you.

In the meantime, please read the FAQs for any questions you may have.

Provided by prospa
*Terms and Conditions Deferred payment offer is available for new and existing customers. For business loans settled between 11 November 2018 and 16 December 2018 inclusive, no loan repayments required from the loan settlement date to 6 January 2019 (inclusive); loan repayments begin on Monday 7 January 2019. Total loan repayment term will be extended by the period of time equal to your loan payment deferral; offers not available to partner loans on a partner red-hot offer rate; not valid in conjunction with any other offer; offer may be withdrawn without notice; standard approval criteria and terms and conditions apply.