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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 […]

refer and earn
Product Guides, Resources

Refer & Earn! Get up to ₦600,000 when you refer businesses to Prospa

April 21, 2022 Prospa Team No comments yet

Good things are worth sharing. That’s why our Refer & Earn program now allows you to earn up to ₦600,000 for referring businesses to Prospa. Spread the word so more businesses can access the tools they to need to manage their business and banking, all on the Prospa app. The more businesses you refer, the […]

Product Guides

Steps You Can Take To Ensure Your Account Is Safe

February 10, 2022 Prospa Team No comments yet

Here at Prospa, the safety and security of our members’ accounts is our highest priority. We’ve noticed fake Instagram accounts are spamming our followers alerting them to a prize giveaway then requesting confidential information in an attempt to scam our members. Remember, the Prospa team would never ask you for your password, PIN or login […]

how to pay salary on Prospa
Product Guides

How To Automate Salary Payment on Prospa

September 7, 2021 chioma No comments yet

What’s the most common challenge every small business owner faces in their business? Based on feedback we’ve gotten from members, managing payroll is definitely on that list.  When you are a solopreneur, creating a system to pay yourself a salary monthly can be tough. And when you start having employees, making sure employees receive their […]

Product Guides

How To Download Your Statement Of Account Via Web

August 23, 2021 chioma No comments yet

You download your statement of account via the web. You don’t have to manually input your login credentials when accessing Prospa from the web. Simply use a QR code to log in via your mobile app. A step-by-step guide on how to download your statement of account of account via web Login to your Prospa […]

Pricing on Prospa
Product Guides

Understanding Pricing on Prospa: Fees, Rates and Charges

August 20, 2021 chioma 1 comment

We pride ourselves on fair and transparent pricing. You will never be charged for something you are not aware of, our billing dates and times are clear. You also receive an email and SMS receipt every time you are billed.  How does Prospa differ from other services? You may be wondering how Prospa is different […]

Product Guides

Understanding Prospa Accounts

August 20, 2021 chioma No comments yet

Owning a business account helps business owners manage their business finances Having a business account gives you an overview of the inflow, outflow of profit and business liabilities. Your business bank account should be separate from your personal account so you can easily track your money and make more informed decisions about your business. At […]

subaccounts on Prospa
Product Guides

How To Use Sub-Accounts on Prospa

August 17, 2021 chioma 2 comments

If you are not familiar with sub-accounts as a business owner, you can think of it as a piggy bank with extra capabilities. Sub-accounts are smaller accounts that sit under your primary bank account. You can set them up for specific aspects of your business like marketing, tax, salary payments, supplier payments etc. You can […]

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 […]

Product Guides

Webstore Is Live!

August 3, 2021 chioma 2 comments

The internet continually transforms the way people share information and live conveniently. It includes buying a product or using a service. Customers are consistently looking online for information that will help them make smart purchasing decisions.  Having a website establishes your credibility and increases your visibility as a business. However, many business owners are challenged […]

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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: