Big deal
IN Partnership with
More
Looking for finance without upfront security to move faster
An established, Australian-owned outdoor e-commerce retailer with 12 years of trading history needed flexibility to manage its cash flow. To keep moving fast, the business was looking for a substantial injection of working capital to purchase inventory and pay suppliers quickly.
The client approached broker Jay Agarwal at Swoop Funding seeking a fast turnaround with minimal friction. But they also had a non-negotiable: the loan needed to be completely unsecured. This requirement presented challenges as lenders almost always demand upfront collateral for a facility of this size.
After exploring options with a Prospa business development manager, Agarwal ran a quote using Prospa IQ to set clear expectations and confirm if a fast, unsecured solution was genuinely viable.
Using Prospa IQ, Agarwal ran a quote in minutes with zero impact on the client’s credit score. This allowed him to set clear, realistic funding expectations up front before the client committed to the next steps.
With the numbers confirmed, the application moved through Prospa Express Path. To complete this low-doc process, the client simply provided a high-level business overview, revenue information, their intended use of funds, and bank statements. Within two hours, a Prospa business lending specialist packaged the information and presented a $400,000 quote. In a remarkably fast turnaround, Agarwal and the client received unconditional approval.
Having experienced a genuinely fast and friction-free process, 11 days later the client returned for a $100,000 top-up. This brought their total unsecured business line of credit to $500,000.
Winning opportunities with smart tech and quick decisions
Using Prospa IQ gave Swoop a simpler way to work. By running a reliable quote up front, the broker could submit the application without second-guessing the outcome. Brokers using this tool are now doubling their settlements efficiency, and this outcome shows exactly what that looks like in practice.
“Prospa’s smart technology removed friction from the process, giving our client real confidence to move quickly,” says Agarwal.
Through Express Path, a low-doc option designed for faster decisions on facilities up to $500,000, the client got their hands on significant capital without jumping through hoops. This is paramount for a fast-moving retail business.
Why Prospa? Both the client and broker valued the quote-to-approval speed, the low-doc assessment and the clear communication from the team. But what made the biggest difference was the unsecured structure and incredibly fast sign-off.
Delivering a solid approval this fast cemented the broker's relationship with their client. When timing is everything, brokers can step up and secure flexible working capital for established businesses exactly when they need it.
Prospa is Australia’s leading online lender to small businesses, providing fast, flexible funding solutions designed to make financial management simpler for SMEs. Since 2012, Prospa has helped thousands of businesses access capital through its award‑winning technology, easy online applications and fast approvals. The company has provided more than $5 billion in lending, contributing an estimated $10 billion to Australia’s GDP and supporting over 114,000 jobs. Prospa’s proprietary technology, including its advanced credit decision engine, enables quick, confident lending decisions and seamless digital experiences. With teams across Australia and New Zealand, Prospa is committed to helping small businesses grow and thrive.
Find out more
Client
Large Australian-owned outdoor e-commerce retailer
PRODUCT
$400k Prospa Business Line of Credit, later increased to $500k
goal
Purchase inventory, maintain working capital and pay suppliers
TERM
24 months, renewable
UPFRONT SECURITY REQUIRED
None
The facts
Share
“Prospa IQ doubles broker efficiency, and Express Path converts that speed into faster approvals and real outcomes”
“This [client] outcome underscores how strong broker collaboration builds confidence and enables decisive action in time-sensitive moments”
Paul Evans, Prospa
Paul Evans, Prospa
How Prospa IQ and a low-doc assessment helped a broker deliver fast, unsecured working capital to an established Australian outdoor retailer
Getting a fast-tracked unconditional approval
Published 08 Apr 2026
Advertising
Authors
E-newsletter
Contact Us
Contact Us
Australian Mortgage Awards
Events
White papers
Webinar
Australian Broker Podcast
Resources
TV
Virtual Roundtable
Sector Focus
Power Panel
Partnership Profile
Independent Feature
Executive Team Profile
Exclusive Leader Profile
Business Update
Big Deal
Premium Content
Technology
Reverse Mortgages
Spotlight Series
Specialist Lending
SME
Investment Loans
Commercial
Speciality
Best In Mortgage
News
News
RSS
Sitemap
About us
Conditions of Use
Cookie Policy
Privacy policy
Terms & conditions
People
Firms
Copyright © 2026 KM Business Information Australia Pty Ltd
OriGINATION FEE
Zero
