Business loans made easy
Apply today for a loan that works for your business.
No repayments and no interest for the first 4 weeks on eligible business loans*
Could your business use some extra cash flow to get through EOFY?
Enjoy a business breather with our limited EOFY offer, ending March 31.
Why Prospa business loans?
Business loans made smarter and easier. We’ve partnered with Prospa to create Reckon Loans and provide our customers with business funding & lending that is faster and friendlier than your bank.
Advanced security
Trusted by over 28,750 businesses
World class customer satisfaction
Over $1.6b in small business loans
How our business lending works?
We take the work out of getting a small business loan in three simple steps.
If your monthly turnover is more than $6,000 and you have over 6 months trading history, you're ready to go.
Apply for a business loan online or call us on 0800 367 282.
Get a decision and funding possible in 24 hours.
Cash flow friendly repayments and no penalties for early payback.
Success Stories
See how we have helped other businesses just like yours with their finance!
Business lending made simple to grow your business and manage your cash flow.
Reckon Loans provides quick access to business loans for a business opportunity, growth or cash flow support.
Jump on business opportunities and cover one-off expenses, with a fast application and decision on a Small Business Loan up to $500,000.
Security
There’s no asset security required upfront to access business loans up to $150,000.
Flexible
Borrow between $5,000 and $500,000 with loan terms from 3 to 24 months and cash flow friendly repayments.
Fast
Helpful
What you need to have ready
For loans of $250,000 or less, all you need is:
- Driver’s Licence
- New Zealand Business Number
- Up to 12 months of bank statements*
*You can use the electronic bank statements link which is secure, quick and easy to use
For loans over $250,000
Business loans made easy
Complete the application below and get a fast decision and funding possible 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.
Thanks for enquiring about funding with Reckon.
Unfortunately, we are currently not able to progress your enquiry to the application stage because your business does not meet our eligibility criteria.
*Terms and Conditions: 4-week no repayment and no interest period offer available to new Prospa Small Business Loan and Prospa Business Loan Plus (each a “Prospa SBL”) customers who apply for a new Prospa SBL that is approved and settled between 1 February 2024 and 31 March 2024 (inclusive). Offer available to new customers and existing customers with a clear repayment history on previous Prospa funding solutions and who have (i) $0 balance on any line of credit at date of application (if applicable) and (ii) either no current Prospa SBL or a Prospa SBL that is eligible for refinance.
Reckon Loans is a service offered by Prospa Advance Pty Ltd ACN 154 775 667. 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. Reckon receives a fee for referral or may elect to participate in the loan. Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply. These rates apply to Prospa’s small business loan product only. See prospa.com for more details.
Frequently asked questions
What's Reckon Loans?
How fast will I get a response?
How fast will I get the money?
What are the fees?
When you take out a business loan with Reckon Loans, the only fee you will incur is an origination fee. There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay and when from day one. There’s no compounding interest, no additional costs for early repayment and no additional fees (as long as you make your payments on time).
What are the repayment options?
Is there any penalty for early repayment?
Why is Reckon introducing Prospa?
How does Reckon work with Prospa?
What is the interest rate?
If you wish to receive your individual rate from Reckon Loans, please call us on 0800 367 282.
How much can I borrow?
What can Reckon Loans be used for?
Is it safe to link my bank account to the platform?
“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
*No repayment period available to approved customers who settle a new or refinanced Prospa Small Business Loan or Back to Business Loan. Approved customers can elect to take an optional initial no repayment period of between 1 to 4 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 4 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense and forms part of the regular fixed daily or weekly repayments due on each payment date following the end of the no repayment period. Not available to refinance an existing Prospa loan if the existing loan is currently within a no repayment period at the time of application. Product settings may be amended or withdrawn without notice.