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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 […]

how to gain new customers
Growth Hack

7 Effective Ways To Get New Customers For Your Small Business

August 2, 2021 chioma 3 comments

The key to growing your business is attracting new customers and building long-term relationships with them. While you might find it challenging to get new customers at first, there are easy, effective, and affordable ways to do so. 7 Strategies To Get New Customers and Increase Sales Here are 7 ideas for finding new customers […]

how to keep track of business expenses
Finance

How To Keep Track of Expenses in Your Growing Business

July 26, 2021 chioma No comments yet

Are you aware of how much money you make in your business and how it’s spent? If you find yourself worried about the slow or absent growth of your business despite increased sales and you can’t tell how the money was spent, you are not alone.  Many business owners have once felt frustrated at being […]

Product Guides

Business Hub – Do Much More

July 26, 2021 chioma No comments yet

As you login into the Prospa app, just at the bottom of the app where you have the icons/buttons, you’ll notice a standout button with the tag – Business. Tap It! We upgraded the Business Hub for entrepreneurs to do more than just automating or managing their finances with Prospa.  Business owners want to access […]

teams on Prospa
Product Guides

Your Friendly Guide To Understanding Teams on Prospa

July 15, 2021 chioma No comments yet

To help entrepreneurs automate business management, we’ve upgraded ‘Teams’. Teams allow you to manage and collaborate with your team members efficiently. You can auto-track expenses and transactions, assign cards and add team members of your choice.  To use this feature, you need to submit the necessary documents and ensure your account is approved.  If you […]

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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: