1. Nature of the Services

Prospa is an independent loan facilitator that provides an online funding process through our website (www.prospa.co.za) which allows:

  • Small and medium-sized business owners in South Africa to apply for unsecured business loans.
  • Prospa to process your application and submit it to a carefully vetted third-party lender.
  • The third-party lender to assess your application and decide whether to approve or decline it.
  • The third-party lender to contact you once your application has been reviewed.

Prospa is NOT a financial services provider and does not grant loans. We do not provide recommendations or financial advice on which lender may be best for you. We facilitate loan connections based on the information you provide, but final decisions and loan terms are set by the lenders.

If your application is eligible for a referral, then any information you provided in your loan application will be shared by us with the lender. Lenders will use this information to run credit checks against you and to establish whether you meet their requirements for a loan. Lenders may also contact you to request additional information or documents which they require.

Prospa follows up with customers referred to lenders to ensure they receive quality service and satisfactory outcomes. However, we do not guarantee loan approvals or specific terms.

Our website is provided at no charge to applicants. We earn a referral fee from lenders if your application is successful.

2. Use of the Website

These Terms and Conditions (“Terms”) govern your use of our website. By accessing and using the website, you agree to be bound by these Terms, which form a legally binding agreement between you and Prospa.

Prospa reserves the right to update or modify these Terms at any time without prior notice. Each time you access or use the website, you agree to the terms in effect at that time.

In order to apply for funding, you must register and provide accurate information. Prospa reserves the right to refuse or suspend your registration if we determine that the information provided is incomplete or misleading.

Our services are strictly intended for business owners seeking financing solutions.

3. Privacy

Your privacy is important to us. Please refer to our Privacy Policy for details on how we collect, use, and share your personal information, including sharing your application details with lenders.

4. Ownership & Copyright

All content, material, and logos displayed on the Prospa website are owned by Prospa or its licensors and remain protected under copyright law. No right, title, or interest in any proprietary material is granted to users through the use of this website.

5. Information Purposes Only

The content on this website is for informational purposes only and is not intended to provide financial, legal, or professional advice. Prospa reserves the right to modify or remove information without notice. We do not guarantee that the information provided is free from errors, omissions, or inaccuracies.

Before making any financial decisions, users should consult a qualified professional advisor.

6. Transmission of Information

Users should be aware that any data transmitted over the Internet, including emails, is susceptible to interception and monitoring. Prospa does not guarantee the security of information transmitted electronically and is not liable for any loss or damage resulting from such transmissions.

We may require independent verification of any information submitted via email or through the website.

7. Disclaimer

The website and all content therein are provided “as is” without any warranties, express or implied. Prospa does not warrant that the website will be free of errors, uninterrupted, or meet any specific performance criteria.

Without limiting the above:

  • Prospa makes no representations that the information is free from inaccuracies.
  • We do not guarantee that the website is free from viruses, malware, or other harmful elements.
  • Users assume full responsibility for using the website and its content.

8. Risk & Limitation of Liability

Use of this website is at your own risk. Neither Prospa nor its partners, employees, agents, or affiliates shall be liable for any damages resulting from the use of this website, including but not limited to:

  • Direct, indirect, incidental, or consequential damages.
  • Loss of profits, data, or business opportunities.
  • Technical failures, system downtime, or errors.

9. Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue to apply in full force and effect.

10. Governing Law

These Terms are governed by the laws of the Republic of South Africa. Any disputes arising from the use of this website shall be resolved under South African jurisdiction, with disputes heard in the relevant South African court.