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Finance to move your business forward.

We look deeper to back good businesses.

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Line of Credit

With terms up to 24 months, Propell offers customers a pre-approved balance from which to draw up to $250K. Our customers can easily reapply to access their funds again and again once they are a Propell customer. Loans are all flexible, meaning you can repay as soon as need with no early repayment penalty or take advantage of the full 24 months to repay. All Propell loans are unsecured, meaning you do not require asset backing to be eligible.

We look deeper to back good businesses.

Line of Credit

What information do we need?

We assess on financial information which allows us to look deeper to better understand the businesses financial capacity.

  • Financial Statements

    We review financial statements so we can overlook the other potential issues. We can turn around a fast review if you connect your clients Accounting package HERE.

    • BALANCE SHEET – Current FY YTD and last full Financial Year
    • PROFIT & LOSS – Current FY YTD and last full Financial Year
  • Debt Details

    • ATO and Superannuation amounts owing
    • All loans, including amount, interest rate and remaining term
  • Business Information

    • ABN
    • Business background
Line of Credit

Why do we need that?

This deeper understanding means that we may be able to overlook some aspects, typically looked poorly upon by most lenders.

  • Poor credit

    We assess based on financial performance so we may be able to overlook poor credit.

  • Refinance higher risk lenders

    We are happy to refinance. We assess your clients capacity for repayments, regardless of their high risk lending history.

  • Dishonours, or even Defaults

    Can the Dishonours or Default be reasonably explained? With enough evidence we can overlook them, but it may affect pricing.

  • Loan stacking

    We can lend funds along side other loans, as long as the total repayments are deemed affordable.

As seen in

Logo PR The Australian
Bloomberg
Financial Review
FinTech Australia
Logo PR Herald Sun
Logo PR Smart Company

Awards

Partners

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"I’d been having trouble getting a loan as I had some issues in my banking, like days in negative. I submitted my Financial statements to Propell and they were able to see clearly that I am running a solid business and were able to give me the funds I needed."

"I’d been having trouble getting a loan as I had some issues in my banking, like days in negative. I submitted my Financial statements to Propell and they were able to see clearly that I am running a solid business and were able to give me the funds I needed."

Propell customer

How does Propell work?

Propell Application - Apply in less than 10 minutes

1. Complete our 5 minute application form online.

Propell Application - Get feedback on your business health

2. Provide basic business Financial Information.

Propell Application - Access our products

3. If Approved, we offer a Conditional limit.

  • Propell Application - Apply in less than 10 minutes

    1. Complete our 5 minute application form online.

  • Propell Application - Get feedback on your business health

    2. Provide basic business Financial Information.

  • Propell Application - Access our products

    3. If Approved, we offer a Conditional limit.

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Frequent Questions

It’s your job to know your business, it’s okay if you have questions about ours!

Who is Propell?2022-11-08T17:21:52+10:00

Propell is an Australian based fintech, helping SME’s to run and grow their business with payments, lending and cash flow products.

Why is Propell different?2022-11-08T17:21:51+10:00

We are different to other SME finance businesses because we aim to help small businesses take an holistic approach to their cash flow and finances. We help small businesses understand their financial position a little better, and help them make the right choices for financial products that suite them.

What does it cost?2022-11-08T17:21:51+10:00

Propell is completely FREE to sign up for. You’ll only ever pay a cent if you chose to use some of our platform products, such as our Line of Credit or Payments. Signing up and checking it out won’t cost you a thing.

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