Prospa, Moula and Shift are three of the most recognised non-bank business finance providers in Australia. But which one is right for your business - and is going direct to any of them actually the best move?
This comparison is written from the perspective of a specialist business finance broker who works with all three - and 50+ other lenders - every day.
Disclosure: OverdraftMe is a credit representative of Lend & Loan Pty Ltd (ACL 511092). We work with all lenders mentioned in this article. This comparison is general information only - not a specific product recommendation.
Shift (formerly Bizcap's overdraft product) offers one of the closest products to a traditional bank overdraft available from a non-bank lender. It is linked to a dedicated transaction account, giving you a true revolving overdraft facility.
| Feature | Details |
|---|---|
| Product type | True business overdraft linked to transaction account |
| Limits | Up to $500,000+ |
| Minimum trading | 12 months preferred |
| Repayments | Revolving - repay as cash flows in |
| Suits | Businesses wanting a true bank-style overdraft |
Prospa is Australia's largest non-bank SME lender by volume. Their Business Line of Credit functions similarly to an overdraft - revolving access to funds with interest only on what you draw.
| Feature | Details |
|---|---|
| Product type | Business line of credit (revolving) |
| Limits | Up to $500,000 |
| Minimum trading | 6 months |
| Repayments | Weekly minimum repayments apply |
| Suits | Businesses wanting fast approval and flexible access |
Moula offers both business loans and a pay-as-you-go line of credit. Their technology uses open banking to assess applications quickly, making them one of the faster movers in the market.
| Feature | Details |
|---|---|
| Product type | Business line of credit |
| Limits | Up to $250,000 |
| Minimum trading | 6 months |
| Repayments | Flexible - draw and repay as needed |
| Suits | Tech-savvy businesses comfortable with open banking |
| Feature | Shift | Prospa | Moula |
|---|---|---|---|
| Max limit | $500K+ | $500K | $250K |
| True revolving | Yes | Yes | Yes |
| Linked account | Yes | Standalone | Standalone |
| Min. trading | 12 months | 6 months | 6 months |
| ATO debt OK | Case by case | Often yes | Case by case |
| Decision speed | 24-48 hrs | Same day | Same day |
When you apply directly to Prospa, Moula or Shift, each application triggers a credit enquiry. If you apply to all three, that is three enquiries - which can significantly damage your credit score and actually make it harder to get approved by the third lender.
A specialist broker assesses all three - and 50+ other lenders - simultaneously, then submits to the single best option for your profile. One enquiry. Best match. Better outcome.
Prospa, Moula and Shift are well-known but not always the best fit. Depending on your situation, these lenders may offer better rates or higher approval chances:
OverdraftMe compares Prospa, Moula, Shift and 47 other lenders to find the best rate and structure for your business. Free broker service - one application, no credit score impact.
Get a free comparison →It depends on your business profile. Shift specialises in true overdrafts linked to your transaction account. Prospa and Moula offer line of credit style products. A broker can match you to the right lender for your specific situation.
Shift offers a dedicated business overdraft product linked to a transaction account. Prospa offers a line of credit with fixed repayments. The right choice depends on whether you want a revolving facility or prefer predictable repayments.
No - and going direct means a credit enquiry on your file for each application. A broker like OverdraftMe can assess all three and more without damaging your credit score.
Yes - there are 50+ lenders on the panel. Banjo, Bizcap, Lumi, OnDeck and Judo Bank are all strong alternatives depending on your profile. A broker compares all of them simultaneously.
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