Finance News from Business Loans

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Finance News

OnDeck Enhances SME Financing with Increased Lightning Loan Cap

26 Mar 2026: Paige Estritori

OnDeck Australia has announced an increase in the maximum limit for its Lightning Loans, raising the cap from $175,000 to $200,000. This enhancement aims to provide small and medium-sized enterprises (SMEs) with quicker access to larger funding amounts, facilitating their growth and operational needs. - read more

Prospa Achieves $5 Billion Funding Milestone for SMEs

26 Mar 2026: Paige Estritori

Prospa, a leading non-bank lender specializing in small and medium-sized enterprise (SME) financing, has announced a significant milestone: surpassing $5 billion in funding since its inception in 2012. This achievement underscores Prospa's commitment to supporting the growth and sustainability of SMEs across Australia and New Zealand. - read more

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Knowledgebase

Negative Amortization:
A situation in which the loan payment for any period is less than the interest charged over that period, causing the loan balance to increase.

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