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Prospa Stories

#MemberStories How Lucy turned her culinary passion into a growing food brand with Prospa

February 18, 2022 Prospa Team No comments yet

Lucy’s love affair with food and cooking began as a child; following her mother around markets to source the best ingredients then joining her in the kitchen to create delicious meals for special occasions. As her business goes from strength to strength, Prospa chatted with Lucy to find out the inspiration behind her business, the […]

how to pay VAT online in Nigeria
Small Business Tips

Here’s How To File and Pay Your VAT Returns Online in Nigeria

September 1, 2021 chioma No comments yet

You’ve taken the right step to register your business, get a TIN, get a VAT number, now it’s time to pay your VAT. In this article, I’ll show you how to pay your VAT online in Nigeria and also at the bank if you prefer. Step-by-Step Guide to Pay Your VAT Online in Nigeria The […]

Featured image for the article how to create an invoice [female entrepreneur working on her laptop]
Small Business Tips

How To Create a Professional Invoice – A Step-by-Step Guide

August 13, 2021 chioma 2 comments

Sending your first invoice is a cause for celebration. So first of all, congratulations! If you are unsure of how to create an invoice or what information to include on an invoice, we’ve created this guide for you. After reading this guide, you’ll be able to create professional invoices quickly and easily. What is an […]

Product Guides

How To: Switch Your Business Account

August 12, 2021 chioma 2 comments

At Prospa, we’re empowering entrepreneurs to manage their entire financial operations from one app. You can own two or more business accounts on Prospa without deleting or logging out of the other one. You can easily Switch accounts and make transactions with whichever you please. Switch Your Business Account Easily. Now that you know this […]

business metrics for entrepreneurs
Small Business Tips

6 Essential Business Metrics Every Entrepreneur Should Know

July 29, 2021 chioma No comments yet

Though businesses often begin with an idea, it takes more than passion to turn it into a profitable business. For creators, your focus might centre on the creative side of a business or you are unsure of what to measure. Building a successful business requires you to wear your creator and entrepreneur hat which involves […]

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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: