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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 […]

Uncategorized

 Do you know Zainab?

November 25, 2022 Taff Alabi No comments yet

We want people to find out about your business and what you do, so as part of our #MemberStories series we’ll be giving you the opportunity to discover businesses, business owners, products and services directly from your inbox. Today we’d like you to meet 👇🏿 Zainab, Founder and Creative Director of Soles N Shades Zainab […]

Product Guides

Meet Prospa’s Point-of-Sale Solution

October 5, 2022 Cythia Orji No comments yet

Most customers prefer paying with alternative payment methods, and when it comes to offline payments, debit and credit cards rank high on that list. The number of POS payments in Nigeria as at 2021 was worth N663 billion, according to a report by Statista, and that number has continued to increase. This means that more […]

Small Business Tips

5 Things to consider when choosing a small business lender

September 22, 2022 productops No comments yet

An essential step in managing and expanding your business is frequently securing small business funding. But how can you decide which option to choose when there are so many small business lenders to pick from? Here are some of the most crucial factors to consider before submitting a small business loan application. Is the lender […]

Product Guides

New Prospa Update Across iOS, Android, and Web

September 15, 2022 productops No comments yet

As part of our commitment to providing our members with the best possible experience, we are pleased to announce we’ve released a new update to Prospa across iOS, Android, and web with important updates.  Our members now have new account details showing across their Prospa main and sub-accounts. The new NUBAN is issued by our […]

Small Business Tips

Benefits of a Prospa Small Business Loan

September 15, 2022 productops No comments yet

Prospa offers small business owners a short-term lending option to cover emergencies and opportunities to scale their business that require no exorbitant upfront payments, lengthy approval waiting times, or collateral.  At Prospa we are on a mission to empower African businesses toward an industrialization revolution that we believe holds the future for our great continent […]

Uncategorized

Important Update: A Better Prospa Experience

August 30, 2022 productops No comments yet

Our mission to help African business owners power their businesses to prosperity means we are always exploring various ways to expand our services and provide a better experience for our members. We would like to inform you about an important update to Prospa accounts. In the coming week, we’ll be releasing a new update across […]

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 […]

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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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    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: