The Access Bank W Power Loan is a credit facility designed to help female-owned businesses thrive, by providing access to loans for women. Yes, you heard right, the loans are only available to businesses either fully owned by women or with at least 50% ownership by women. Depending on your type of business and its risk rating, you could access up to 100million naira (One Hundred Million Naira) in loans.
So, here’s how to access these loans:
- You must have an Access Bank account. You can also open a new account afresh and ensure it is a corporate account and must be operating for 30 days.
- Your business must have been in operation for at least a year with a minimum annual turnover of N5 million.
- Fill and provide the following documents: Loan application form, Business/Company profile, Bank Statements including other banks, Financial Statements, Credible Guarantors Form and Post-dated Cheques, Credit Check, BVN, Registration for the Mini-MBA and other W applicable trainings based on customer category, Bill of Equities and Pro forma invoice.
- Lastly, fill Application Form Herehttp://wpforms id=”1035″.
Getting a loan is not just a bunch of steps, but this is just to let you see that it is not as cumbersome either. Simply walk into any Access Bank branch to get more information about the W Power loan.
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