Like traditional lenders, Prospa will conduct a credit check to look at your personal credit score in conjunction with your business health. Credit reporting bodies will compile a report on your credit worthiness based on a range of factors which include how many loan applications you have already made, your current credit if you have any, any overdue bills, past bankruptcy if applicable and any pending writs or court judgments. Prospa does not rely solely on your personal credit score, they focus on evaluating the health of your business. They have developed a complex credit assessment tool which takes into account over 450 separate pieces of information. If you apply for a loan of $5K to $150K minimum trading history periods apply. If you need $150K to $500K we’ll require additional financials like a P&L statement.