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Discontinuation of Partner Bank Accounts

August 6, 2024 Prospa Team No comments yet

To provide a more seamless banking experience for your business, partner bank accounts are being discontinued. What does this mean? Kindly update your application to the latest version on Play Store or Apple Store, to view the changes to your account details. We understand you might have questions about this transition. Please don’t hesitate to […]

Uncategorized

How one conversation changed everything for Caramel Plugg

November 28, 2022 Prospa Team No comments yet

Hi Caramel, tell us about Caramel shop and what inspired you to start your business Caramel Shop is a lifestyle and leisure brand based in Lagos Nigeria that started out as a way to connect with my fans with the signature Caramel bonnet and has grown into a leisure wear brand that stocks items from […]

Small Business Tips

Choosing a Business Account? Here Are 5 Things to Look Out For

July 6, 2022 Prospa Team No comments yet

Want to open a business bank account? You’re in for many benefits like getting business loans, improving your business credibility, and more importantly, receiving payments from customers into a coprorate account. No more mixing of personal funds with business funds! But how do you know what to look for when choosing a business account? That’s what […]

Prospa Stories

Difference between Prospa and Traditional Banks

June 27, 2022 Prospa Team No comments yet

Opening a Nigerian business account in a traditional bank can be challenging. There are different documents banks require you to submit. Also, depending on the bank, there’s a minimum opening balance you must have. Not to mention the number of days it will take for your account to be ready. Sounds stressful right? But what […]

Prospa Small Business Loans
Product Guides

The Ultimate Guide to Prospa Small Business Loans

June 15, 2022 Prospa Team 2 comments

Having money loaned is an essential part of managing small businesses. Whether you need to scale your staff, buy new equipment, or cover extra expenses you might search for the ways to get funding. However one in four business owners say they can’t get enough funding. The process of getting a loan may take months […]

Cegar x Prospa
Prospa Stories

How CeeC is building a leading Athleisure brand with Prospa

May 25, 2022 Prospa Team No comments yet

Through our #MemberStories, we introduce you to some of the amazing members of our community. Our member community is made up of entrepreneurs, freelancers, and business owners, building businesses, working on exciting projects, and having fun while doing so. Today we are putting a spotlight on Cynthia Nwadiora (CeeC), Ex BBNaija Housemate and CEO of […]

Prospa Stories

How Cross is making millions with his Prospa business account

May 18, 2022 Prospa Team No comments yet

Our community of entrepreneurs, freelancers and business owners is growing rapidly. With the help of our #MemberStories, you’ll have a chance to get to know some of the awesome people who are part of it. Today we’re putting a spotlight on Cross Okonkwo, Ex BBNaija housemate and CEO of Cross Fitness Nutrition. Q: Hi Cross, […]

Prospa Stories

#MemberStories: How Whitemoney took his business to the next level with Prospa

May 11, 2022 Prospa Team No comments yet

We’re so happy to have Whitemoney as a Prospa Member. He’s a musician, an ex Big Brother Naija housemate, and a businessman, who is taking his business to new heights with the Prospa App. When Whitemoney was a housemate on Big Brother Naija, he was focused on making a name for himself in the music […]

Product Guides

Register Your Business with Prospa: A Complete Guide

May 11, 2022 Prospa Team 20 comments

Business registration is not something that is formally required to operate a business. A lot of small businesses operate without any business registration today. However, registering a business is a smart and beneficial choice for you as an entrepreneur.  In this guide you will find out: What are the main benefits of business registration Requirements […]

Prospa Stories

A bank for your small business needs | #MemberStories with Kiekie

May 10, 2022 Prospa Team No comments yet

Choosing the right bank for your business can make all the difference when it comes to running a growing and stable business—and so having the right financial partner is essential. Prospa is designed to be that partner. Prospa Member, KieKie has many strings to her bow. She’s a content creator, brand influencer and entrepreneur. KieKie […]

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Prospa is a global fintech company. Banking and other financial services are provided by licensed and regulated institutions in their respective jurisdictions. Access to products and services may differ depending on the country you are in when using Prospa. 

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    1. Personal Information

    Full Name of Business Owner:
    Gender:
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    Email Address:
    Personal Credit Score Range:

    2. Business Information

    Business Name:
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    Year Established:
    Do you have any co-owners or partners in the business? YesNo

    Please provide their names and ownership percentages:

    3. Loan Information

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    4. Permissions

    Do you authorize Prospa to access your business financial statements and bank records to verify your financial information? YesNo
    Do you authorize Prospa to conduct background checks on you and your business as part of the loan approval process? YesNo
    Do you give permission for Prospa to run a soft credit check that won’t affect your credit score? YesNo
    Do you consent to Prospa sharing your data with partners if you are eligible for loans? YesNo
    Do you agree that Prospa can retain your information in its database for future reference and loan eligibility checks? YesNo

    5. Business Financials

    Please provide a brief description of your business:

    Have you previously taken a loan for your business? YesNo

    Please provide details (amount, purpose, and repayment status):

    What is your current cash flow situation?

    Do you have any business assets that could be used as collateral? YesNo

    Please list the assets and their estimated values:

    What differentiates your business from your competitors?

    What are your growth plans for the next 1-3 years?

    How do you plan to use the funds from this loan to achieve your goals?

    Is your business fully compliant with local regulations and licenses? YesNo

    If no, please explain:

    Do you have business insurance? YesNo

    If yes, please specify the type of coverage: