Apply Lending - ProsperUs Detroit

Complete this form to get started with ProsperUs Detroit's Business Services and/or Microlending Program!

To be considered for these programs you will need:

A for-profit business located in Detroit, Hamtramck, Highland Park, or Inkster
Registered with the state of Michigan (LARA) and a federal EIN number
An active system of bookkeeping
Profit-Loss statements, or a detailed business plan

Thank you for your interest in ProsperUs, we look forward to reviewing your application!

If you are interested in the ProsperUs Detroit Credit Build Loan, you will need to meet with a financial coach to determine the necessary next steps. Please, reach out to info@prosperusdetroit.org to connect with our team for the Credit Builder Loan.

Which ProsperUs service are you requesting at this time?

First Name

Last Name

Phone

Preferred Method of Communication

When communicating with ProsperUs, how would you like for our team to address you?

What is a different way you would like to be addressed?

What is your preferred language to conduct business? ProsperUs may not be able to provide all services and products in your preferred language, but we will provide as many resources as we are able.

What is another language that you would prefer for conducting business?

Home or Residential Address

Mailing Street

City

State

City - Other

Outside Detroit, Hamtramck, Highland Park, or InksterWe currently serve businesses located in Detroit, Hamtramck, Highland Park, or Inkster. Thank you for your interest in our services, however, ProsperUs Detroit programs are strictly dedicated to businesses in those geographies at this time. Thank you for understanding. You may contact info@prosperusdetroit.org with any additional questions.

Postal Code

Demographic Information

ProsperUs Detroit greatly values you sharing any personal demographic information. Unless specified by you, your information will remain private to ProsperUs Detroit's database and shared only in aggregate with necessary funding partners. Knowing more about the people we serve is pivotal in providing meaningful and intentional access to opportunities for entrepreneurs and their businesses.

Birth Date

How would you describe yourself?

Please describe:

Country of Birth

To which gender identity do you most identify?

If you're comfortable, please share more about your gender identity:

Have you or your spouse ever served on active duty in the U.S. Armed forces?

Do you have any prior experiences with the justice system?

ProsperUs does not discriminate justice involved individuals. This information is important to our team as we create and share resources with entrepreneurs with these experiences.

What is the size of your household (all members including yourself)?

Please share your annual household income (all sources combined):

Application Details

Describe your business or business idea.

Select the industry that most closely aligns with your business or business idea:

What "other" industry most closely aligns with your business or idea?

Select the type of business most closely aligns with your business or idea:

Please list any industry experience that relates to your business or describe a time you did something entrepreneurial.

Provide three specific goals for your business:

What obstacles might prevent you from achieving those goals, and what are you doing to overcome them?

What kind of support from ProsperUs are you seeking? Please be as descriptive as possible.

How many hours do you spend on your business per week?

How much have you invested in your business so far?

Business Plan Information

Do you currently operate a business?

Has your business generated revenue?

What is the status of your business plan?

What is the financial status of your business?

I have a business bank accountI have a system of bookkeeping (process of recording all financial transactions made by the company)I know what my overhead are (also known as fixed costs, these costs that stay the same no matter how much you make or sell)I can calculate my profit margin (the amount that revenue exceeds costs)I can calculate my unit cost (how much it costs to make one item)I can make a profit-loss statement for my business (income statement - a financial report that shows your income, total costs, total expenses, and net income for a given time period)None of the above

Bank of Business Bank Account

Give an example of your costs and margins:

If you are pursuing a loan, how much would you need to borrow?

ProsperUs is pleased to offer different types of business loans to cater to diverse needs. To ensure we provide you with the most suitable loan option, we would like to ask about your preferences. Are you interested in an interest-based business loan or an Islamic-compliant business loan that adheres to Sharia principles? Your response will help us tailor our offerings to your specific requirements.

Existing Business Details

Business Name

Business Address Information

If you operate your business from your home, please use your home / residential address.

Street Address

City

State

Zip Code

Business Phone

Business Email

Online Presence for Business

Business Website

Please enter the best URL for someone interested in using your services.

Business Facebook

Please enter the full URL for your business Facebook page.

Business Instagram

Please enter the full URL for your business Instagram page.

Existing Business Details (continued)

If you have you registered your business entity with the State of Michigan's Department of Licensing and Regulatory Affairs (LARA) or a similar organization, please provide your entity type. If you have not, select one of the alternative options.

Year Business Formally Registered

To look up your entity with LARA, follow this link.

Number of Founders (including yourself)

Current Number of Employees

Employer Identification Number (EIN)

Current Annual Revenue

Have you filed taxes for your business?

Is your business fully insured?

Anything else you would like to share to help us assess your needs?

How did you find out about ProsperUs?

Please describe how you found out about us

Media Consent

We believe you are capable of accomplishing the goals you set for yourself. Sometimes, we want to share your success story with our partners and the wider community. This form allows us to share the outcomes of your hard work.

I hereby authorize ProsperUs to develop and use the following:

Interview of my story

Video-tape of my image and voice (including digital)

Audio-tape of my voice

Photograph of my image

Other

Enter "Other" authorizations here

I understand that the above checked items will be used for promotional, journalistic and/or educational material including use on the internet. I hereby give my consent to be named in the photographs, video images, or other images made of me or my family member(s). I also consent to interviews with a representative of ProsperUs and/or a member of the new media. I understand and agree that these materials may be used by the news media or by ProsperUs for the purpose outlined above

Photograph and video image releases include (i) unconditional, royalty-free and irrevocable authorization and consent for the use of such photographs, video images and materials, by ProsperUs; and (ii) releases ProsperUs and its affiliates from any liability for the use of such photographs, video images and materials (including from any claims of distortion, illusionary effect, libel, or of violations of any right of publicity or privacy). If an individual under the age of 18 is prominently featured in a photograph or video image, the organization shall ensure that a photograph and video image release is duly executed by a parent or legal guardian of such individual.

I understand that I may revoke this consent at any time except to the extent that action based on this consent has been taken. This authorization is fully understood and is made voluntarily on my part.

Without revocation, this consent is ongoing until revoked in writing.

Type your full name here to authorize the above-checked releases

Date

Release of Information

I authorize ProsperUs Detroit to collaborate and release information in order to enhance my overall experience.

I also understand that financial coaching services offered through ProsperUs Detroit is voluntary and separate from engagement with other ProsperUs Detroit program, and all information about my financial situation will be held in strict confidence.

Type your full name here to authorize release of information

Date

Document Uploads

Please upload the following documents to be considered:

Business Plan
Financial Projections
Bookkeeping/P&L

Please upload the following documents to be considered:

Business Plan
Financial Projections
Personal Financial Statement
P&L Statement
Balance Sheet

Business Plan

Financial Projections

Bookkeeping/P&L

Personal Financial Statement

P&L Statement

Balance Sheet

Lending

We review loan intakes on a rolling basis. We can't wait to learn more about your goals.

Home or Residential Address

Demographic Information

Application Details

Business Plan Information

Existing Business Details

Business Address Information

Online Presence for Business

Existing Business Details (continued)

Media Consent

Release of Information

Document Uploads

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