NRMA Business Insurance partners with Prospa to lend a hand to small business owners
With cash flow and financial responsibilities being two of the most common things keeping business owners awake at night, NRMA Business Insurance has entered into a pilot partnership with small business lender Prospa to offer customers a faster, simpler finance solution.
Prospa is an online small business lender and one of the fastest growing technology businesses in the country. It offers small business owners the flexibility and ease of accessing business loans between $5,000 to $250,000 online, with approval within a day.
Through the partnership, NRMA Business Insurance customers can now access Prospa’s lending services alongside other benefits offered by the insurer, such as free online tax and legal advice.
“We’re passionate about helping our small business customers get ahead, whether it is providing protection and peace-of-mind for unexpected events or giving them the tools to help grow their business,” Amanda Whiting, Executive General Manager Small Business for NRMA Business Insurance said.
“Small business owners often tell us that managing cash flow and financial admin are some of the hardest things about running a business, and through working with Prospa we can connect our customers to a fast and easy online lending solution.
“Our customers already have access to a suite of services, like free tax and legal advice, that provide support beyond insurance. Through partnering with innovative businesses like Prospa we can continue to provide new ways to help small business owners thrive.”
Since it was established in 2011, Prospa has lent over $250 million to thousands of small businesses in Australia.
“NRMA Business Insurance shares our value of putting customers first. This partnership offers their small business customers an innovative way to access finance,” Beau Bertoli, joint CEO for Prospa said.
“Key to Prospa’s future growth is investing in strong partnerships with trusted brands like NRMA Business Insurance. They have longstanding relationships with Australian small business and like us, they care about their customers.
“There are over two million small business owners in Australia, and research repeatedly shows that accessing the funds to manage cash flow or grow is a major challenge. Prospa is driving a fundamental change in the way small businesses do this.
NRMA Business Insurance customers can apply for a small business loan from Prospa via nrmainsurance.com.au. To find out more about Prospa visit prospa.com
