Since its launch in July 2016, Reckon loans has delivered $10 million in loans to small businesses through its partnership with Prospa.

The milestone comes as a recent Reckon survey found as many as 57 per cent of small businesses have used their personal credit card to process work-related payments.

Reckon's Australia and New Zealand managing director Sam Allert said small businesses are increasingly turning to alternative finance providers.

"The online lending market in Australia is [sic] has grown at unprecedented speeds, clearly demonstrating the demand for quick and fuss-free access to business-critical capital amongst small businesses – as cash flow continues to be a massive paint point for them," Allert said.

"This milestone is not only significant for Reckon, as we look to build a more fully integrated platform that offers a complete suite of services from small business loans to point-of-sale systems and software. It also signifies the strength of Australia’s non-bank finance sector and importantly, the untapped opportunities within the online lending market," he said.

Prospa joint CEO Beau Bertoli said: "Small business owners are time poor, so fast, easy access to finance frees them up to focus on growing their business. Prospa is excited to be partnering with a trusted brand like Reckon to reach customers where and when they need us."