Non-bank lender Prospa gains access to BFGS

Tue, 30 Mar 2021

Non-bank lender Prospa has been granted access to the government's business finance guarantee scheme, the second non-bank lender after the Nelson Building Society.Prospa, which is listed on ASX, said it had recently surveyed Kiwi small business owners and found 57% are finding it harder to access funding from banks and traditional lenders, and 55% said they had missed out on opportunities to grow their business because they couldn't access funding.Prospa said its admission to the scheme will mean it can deliver capital quickly and effic...

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