Big deal
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How Prospa’s business lending specialist team helped deliver a great outcome for a hospitality business using the Prospa Business Line of Credit
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The scenario
Based just north of Newcastle, a road transport business specialising in hauling raw materials was operating with a fleet of three trucks, one dedicated to long-haul interstate travel and two servicing shorter regional routes. With consistent demand but uneven cash flow due to delayed invoice payments, the business needed funds fast to cover essential fuel and equipment purchases.
Despite strong financials – including an average monthly turnover of $50,000 – along with 1.9 years of trading history and a solid average credit score across its two directors, the owner faced a common small business pain point: cash was tied up in receivables, but trucks still needed to run.
With fuel prices high and tight job deadlines, waiting days or weeks for traditional finance approval wasn’t an option. The business contacted its Sydney-based broker with a specific request: “I need same-day approval.” Time was of the essence.
The broker turned to Prospa IQ, Prospa’s intelligent quoting platform designed to speed up funding decisions and help uncover eligibility and serviceability – quickly and with confidence.
At 10:30 am, the broker ran a quote using Prospa IQ, which enabled automated bank statement analysis, resulting in a strong pre-qualification for a $50,000 term loan with no impact on the client's credit score.
The deal didn’t require upfront asset security and was tailored to the transport operator’s financial profile, offering a manageable two-year term. The business’s $1,500 in monthly tax payments (around 3% of turnover) and consistent revenue added further strength to the application.
By 3:45 pm – just six hours after the initial quote – the loan was approved and settled, giving the client the funds needed to keep trucks running and contracts on track. The broker, in turn, earned a 3% commission ($1,500 in revenue) for facilitating a fast and high-value outcome.
The takeaway
The deal is a textbook example of how brokers using Prospa IQ can drive outcome-focused lending conversations that can convert and lead to same-day settlements.
By leveraging automated insights and a digital application process, the broker was able to respond to the client's urgency and secure funding in record time. For the client, the funding bridged the gap between invoicing and operations, ensuring the business could keep moving without delay.
For brokers, Prospa IQ is more than just a quoting tool – it’s a smart, scalable platform that simplifies complex funding scenarios, enhances client trust and unlocks new and future revenue potential with every successful quote.
Prospa is Australia’s number one small business online lending specialist providing market-leading capital products and solutions to help Aussie small businesses grow and prosper. Established in 2012, Prospa ensures applications are simple and funds can be accessed within 24 hours. Its cash flow products and services allow small businesses to grow and take advantage of opportunities to run their businesses or help them pay for goods and services.
Find out more
Client
Regional transport business hauling raw materials
loan size
$50,000 term loan
goal
Fast funding for fuel and equipment during invoice gaps
LOCATION
North of Newcastle,
NSW
LENDER
Prospa
The facts
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“Prospa IQ is a powerful tool crafted for brokers and small businesses alike, accelerating and enhancing decision-making on funding opportunities”
“Prospa IQ’s true value lies in how quickly brokers can establish themselves as subject matter experts –leading client conversations with tailored solutions from the very start and building stronger, trusting relationships”
Paul Evans, Prospa
Paul Evans, Prospa
How Prospa IQ enabled a regional transport business to secure a $50,000 loan in hours, bridging cash flow gaps and keeping trucks running without delay
How Prospa’s business lending specialist team helped deliver a great outcome for a hospitality business using the Prospa Business Line of Credit
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Published 22 Sep 2025
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About us
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Privacy policy
Terms & conditions
People
Firms
Advertising
Authors
E-newsletter
Contact Us
Contact Us
Australian Broker Talk
Events
White papers
Webinar
Australian Broker Talk
Resources
TV
Sector Focus
Power Panel
Independent Feature
Executive Team Profile
Exclusive Leader Profile
Business Update
Business Focus
Big Deal
Premium Content
Technology
Reverse Mortgages
Investment Loans
Specialist Lending
SME
Commercial
Speciality
Best In Mortgage
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Copyright © 2025 KM Business Information Australia Pty Ltd
RSS
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About us
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People
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