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Finance, Resources, Small Business Tips

How To Open An Online Business Account In Nigeria

April 16, 2024 Taff Alabi No comments yet

Opening a business account is entirely different from a personal business account based on the documentation process and requirements. To successfully obtain a business or corporate account in Nigeria, you need to register Your business with the CAC. This demonstrates credibility on your path as a long-standing business.  Like most traditional banks, the process is […]

Growth Hack, Small Business Tips

5 Marketing Tips To Increase Your Business Revenue

April 15, 2024 Taff Alabi No comments yet

Building brand awareness for your business isn’t an easy task. Even if your product is in high demand all year round, customers need to know where and how they can find and patronize your services. While large corporations and businesses have the budget, resources, and manpower to handle cost-intensive marketing efforts, many growing businesses often […]

Finance, Resources

Top 5 Business Banks For Small Businesses in Nigeria: A 2024 Guide

April 9, 2024 Taff Alabi No comments yet

Business owners often scavenge for the ideal business account to meet their business needs. It’s pertinent you open a business account that aligns with your financial goals and helps you manage your finances with tailored features.  In this short guide, we cover 5 online business banks for small and medium-sized businesses in Nigeria.  Before introducing […]

Uncategorized

Explore A New Way To Business Banking

April 8, 2024 Taff Alabi No comments yet

With a staunch and rigid financial process, conventional banks inadvertently overlook the needs and goals of growing businesses in Nigeria.  SMEs are grossly underfunded with adequate insights, data, and resources on how to manage funds and invest their business profits safely and strategically. Most growing businesses close their sheds due to the large disparity in […]

Growth Hack, Small Business Tips

Importance of Registering Your Business Name in Nigeria

April 5, 2024 Taff Alabi No comments yet

It’s an accomplishment to rid out years of planning and actualizing your dream of owning a business. Business owners are problem solvers and they contribute immensely to the economy of the nation. Whilst many businesses run for years without appropriate documentation, they reach a blockade when they discover they share a common name with another […]

Small Business Tips

Navigating Challenges as a Team: Tips From Our Founders

April 4, 2024 Taff Alabi No comments yet

You really find out how good your team is when you go through challenges. It’s easy when you’ve just raised or crushed a big milestone, and the ship is steady.  Everyone’s an “A player” but what about when challenges and tough times arise? It’s important to remind our teams that challenges are a part of […]

Finance, Small Business Tips

5 Mistakes To Avoid With Fixed Investment Account

April 3, 2024 Taff Alabi No comments yet

Fixed Investment account provide an avenue for business owners to utilize their business savings and maximize their profit generation.  To reap high returns on investment, business owners need to avoid critical factors that could potentially lower their chances for long-term rewards.  Here are five mistakes to avoid with Fixed Investment account: Maximizing profits is an […]

Small Business Tips

Essential Tips to Know Before Securing a Business Loan

April 1, 2024 Taff Alabi No comments yet

The idea of taking a loan is alluring for many business owners. They’re fast to approach loan lenders and financial institutions but lack the viable criteria and knowledge about business loans and how it works in Nigeria. Due to the volatility in economic landscapes, loan lenders take utmost rigid standards. Sometimes, business owners plunge themselves […]

Uncategorized

Factors That Affect Loan Eligibility for Businesses

March 29, 2024 Taff Alabi No comments yet

Trying to secure a loan multiple times is challenging and time consuming for many business owners. Capital funding is evolving and as such, loan lenders uphold stringent measures to evaluate your eligibility before issuing you loans.  Many businesses fall into the ineligibility waterfall when applying for loans. In this short guide, we’ll discuss factors you […]

Uncategorized

How to Secure N1,000,000 in Loans with Prospa

March 28, 2024 Taff Alabi No comments yet

Do you need a business loan of up to N1,000,000? Keep reading on how to secure N1,000,000 in loans with your Prospa account. Loans are a financial tool for businesses to obtain the necessary capital to fast track their business operations. At Prospa, you can easily secure a loan of up to N1,000,000 without the […]

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    Apply for a loan with Prospa

    Fill out the form below to get started, and enjoy competitive rates, fast approvals, and a team dedicated to supporting your financial journey.

    1. Personal Information

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

    2. Business Information

    Business Name:
    Registered State:
    Registered Country:
    Registered Business Address:
    Business Turnover (Annual Revenue):
    Business EBITDA (If Known):
    Business Type:
    Year Established:
    Do you have any co-owners or partners in the business? YesNo

    Please provide their names and ownership percentages:

    3. Loan Information

    Amount of Loan Requested:
    Purpose of the Loan:

    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: