Prospa and The Entourage combine to inspire small business owners
Prospa, Australia’s largest online lender to small business, has launched an innovative partnership with educator The Entourage that enables business owners and budding entrepreneurs to fund education through their business cashflow.
The partnership will enable business owners to access The Entourage’s Launch, Build and Scale education programs and advice from leading entrepreneurs using an interest free loan from Prospa, instead of a large upfront payment, credit card or expensive personal loan.
Beau Bertoli Joint CEO of Prospa said “It’s amazing that two of Australia’s entrepreneurial success stories are partnering to offer Australian small business owners and fledgling entrepreneurs access to finance and education.
“Prospa and The Entourage have the same passion to see Australian entrepreneurs and small business owners succeed.”
“We believe education and access to finance are critical components to drive small business success. This partnership levels the playing field for business owners that want to dream big but have put off ongoing business education due to entry costs,” Beau said.
Australian entrepreneur Jack Delosa, Founder and CEO of The Entourage, an education institution and community of over 300,000 business owners and aspiring entrepreneurs, said the partnership with Prospa is a game changer for business owners looking to further their education.
“To enable entrepreneurship, we need to be passing on two things; education and access to capital. The partnership between The Entourage and Prospa delivers both of these in a way that has been proven to enable entrepreneurs to start and build great companies.”
“The Entourage was started on the premise that entrepreneurs could receive real business education delivered by people that had been there and done that. One of the key learnings is the importance of investing in your personal growth as ultimately this drives the growth of your business. With Prospa’s Interest Free Small Business Loan, business owners can invest in understanding how to launch, build and scale their own dream business,” Jack said.
The Launch, Build, Scale programs include four monthly workshops and six months access to The Entourage Education Portal. To be eligible for Prospa’s Interest Free Loan, business owners need a turnover of no less than $5,000 per month and have been trading for a minimum of six months.