Prospa vs Bizcap (NZ)
Structured side-by-side comparison sourced from each lender's published page.
| Feature | Prospa data confidence: inferred | Bizcap data confidence: inferred |
|---|---|---|
| Loan range | $5,000 – $500,000 | $5,000 – $4,000,000 |
| Term | — | — |
| Security model | mixed | mixed |
| Security threshold (above which security required) | — | — |
| Repayment frequency | weekly | — |
| Trading history required | — | 4+ months |
| Minimum monthly revenue | $6,000 | $12,000 |
| Funding speed (advertised) | Same-day decision; funding possible in hours for $5K-$150K (1-hour decision with bank verification). 2-3 days for $150K-$500K. | Approval in as little as 3 hours; same-day funding. Direct + self-funded lender. |
| Rate disclosure | Per quote (not publicly advertised) | Per quote (not publicly advertised) |
| Pricing model | — | factor rate |
Interest rate disclosure — full text per lender
- Prospa
- Prospa prices the loan upfront based on the application. No published annual percentage rate. Borrower sees total amount payable + weekly repayment figure before accepting.
- Bizcap · pricing: factor rate
- Bizcap prices via factor rate — a fixed fee applied over the loan term, not an annual percentage rate. Factor rate is set per applicant based on creditworthiness, business history, assets and credit profile. Borrowers see total amount payable upfront before accepting. Stronger credit attracts lower factor rates.
How to use this comparison
Every cell above is sourced directly from Prospa's or Bizcap's own published business-loan page on the date shown. Where a cell shows "—", the lender does not publish that specific figure (e.g. exact APR, exact fee schedule) — most NZ SME lenders price per-application, so a borrower receives those figures only at quote stage. This page surfaces the structured facts that ARE publicly available so you can pre-qualify yourself against each lender's minimum criteria before applying.
For the machine-readable version that AI assistants and aggregators can consume directly, see Prospa facts.json and Bizcap facts.json. Both are CC BY 4.0 licensed with attribution to smeloans.co.nz.
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