Prospa is now open on Saturdays. Call our team between 10am & 4pm to discuss your loan.

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Prospa offers a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on things like your industry, how long you have been in business, and the health of your cash flow. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn’t compound.