Prospa offers advisers SME deal

The Australian-based lender, which joined the ASX last year, is offering SMEs a four-week no repayment period on all new loans. The company believes advisers have an opportunity to help clients with small business financing as the end of the financial year approaches.

Prospa says advisers will be able to secure funds for SME clients within 24 hours.

It comes as the lender commences its adviser roadshow as it continues to gain traction in the New Zealand market. The roadshow started in Wellington yesterday, stops in Auckland today, and will be in Christchurch tomorrow. 

Prospa believes its new offer can help advisers' SME clients with funding needs and growth opportunities, staffing requirements, IT upgrades, or renovations.