The advantages of lending for small businesses can be diverse. One potentially crucial factor to consider is that the funds are paid back in regular instalments over a period of time without any additional charges. Knowing what they need to pay, and when, can make budgeting easier for small business owners. With Prospa, loan term time frames can range from three months to three years. In addition, applications can be made in as little as ten minutes, and the Prospa team can often provide an answer in a few hours as long as you apply within business hours and provide all relevant application information. If funding is approved, it is possible to have the funds released to your account on the next business day.