Small Business Loans Made Simple

To qualify for a Propell business loan, your business typically needs to:

• Be registered and operating in Australia
• Have been in business for at least 6 months
• Generate minimum monthly revenue of $10,000
• Have no recent bankruptcies or tax liens

Specific requirements may vary by loan product. Our team can assess your eligibility during the application process.

Our approval process is typically completed within 24 hours of receiving your complete application. Once approved, funds can be deposited into your account as soon as the next business day for most loan products.

The exact timing depends on factors like the loan type, amount, and when we receive any required documentation.

The documentation required varies by loan type, but typically includes:

• Business bank statements (last 3-6 months)
• Business tax returns (if applicable)
• Proof of business ownership
• Personal identification
• For equipment loans: quotes or invoices for the equipment

Our application will specify exactly what's needed based on your situation.

No, Propell does not charge prepayment penalties on any of our loan products. You can pay off your loan early at any time without additional fees.

In fact, paying off early may reduce your total interest costs. Our team can provide an updated payoff amount if you're considering early repayment.

Propell offers several advantages over traditional bank loans:

• Faster approval and funding (days vs. weeks)
• Higher approval rates for small businesses
• More flexible eligibility requirements
• Simplified application process with less paperwork
• Personalized service from dedicated loan specialists

While we may not always match the absolute lowest bank rates, we provide access to capital when and how businesses need it.