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 […]
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 […]
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 […]
As you familiarize yourself with the realm of credit scores and how they serve as a pillar to obtaining loans, it’s also of key benefit that you’re equipped with the knowledge of credit reports and how loans lenders and financial institutions use this as a measure to gauge your ability to pay back loans. What […]
Many businesses fall short of accessing loans due to their credit score and credit history. A credit score is a dependent criterion for securing loans. What is a credit score? A credit score is the grading device of the lending system. It’s a risk assessment tool that measures the risk potential of your business to […]
By exploring a Fixed Investment account, you’re building a stringent financial plan to grow and fund your business. The main goal of creating a Fixed Investment account is to get your savings working for you the right way and set your business for financial growth. At Prospa, our Fixed Investment account empowers you and your […]
As a growing business, it’s safer to invest your funds in low-risk investments. It protects your funds from the harsh terrains of market factors and bolsters your finances for long-term growth. One such investment is Fixed Investments. In Nigeria, Fixed Investments are a reliable means to safely invest your funds without fear of the unknown. […]
When considering investment choices, your main goal as a business owner should be to enhance financial stability for the long term and strategically maximize profits. Nothing goes beyond making profits. It’s a rewarding experience to see your investment returns after your business savings mature. A critical issue some business owners face is how to leverage […]
Do you accumulate your business savings in the hopes of receiving increased profits? While holding savings is considered a safe strategy, your savings doesn’t grow in value. A mistake business owners make is under-utilizing business savings. Saving for unprecedented situations is pertinent, businesses can harness the power of investing for long-term financial stability. You can […]
“Your network is your net worth” — Porter Gale As a business owner, it’s essential to stay up to date on industry trends and equip your business with resources from peers and other business owners to boost success and increase revenue generation. A major way to remain competitive and easily adaptive in the market is […]
