W Power Loan By Access Bank Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care

Are you a woman entrepreneur seeking financial support to elevate your business to new heights? Access Bank’s W Power Loan might be the solution you’ve been searching for. Designed exclusively for women-owned businesses, this program offers financial assistance to bridge the gap and empower women across various sectors. In this blog post, we’ll delve into the key features, application process, requirements, and benefits of the W Power Loan, providing you with valuable insights to make an informed decision for your business.

Key Services Offered by W Power Loan:

1. Term Loan:
   • Purpose: Business infrastructure upgrades and asset acquisition.
   • Use: Purchase machinery, equipment, or fixed assets essential for your business.
2. Working Capital:
   • Purpose: Offset daily operational expenses.
   • Use: Cover costs like raw materials, bills, and other everyday business expenses.

How to Apply for W Power Loan:

1. Visit the official W Power Loan application link: W Power Loan Application
2. Fill in the application form with accurate details.
3. Submit your application and await a response.

Required Documents for Application:

1. Company Registered Name
2. Years of Business Operation
3. Current Address of Operation
4. Nature of Business/Activity
5. Loan Amount Requested
6. Registered Business Address
7. Head Office Address (if different from above)
8. RC or Registration Number
9. Date of Registration
10. Your Office Telephone Number
11. Website or Webpage
12. Email Address

Requirements to Qualify for W Power Loan:

1. Business operational for at least one year with a minimum annual turnover of 5 million Naira.
2. Access Bank account operated for at least 30 days (for new accounts).
3. Other terms and conditions, including credit history checks, may apply.

Loan Amounts Based on Tiers:

1. Tier 1:
   • Maximum Loan: N100 million
   • Minimum Years of Business Operation: 10 years
   • Staff Strength: Minimum of 20
   • Annual Revenue Turnover: Above N300 million
   • Equity Contribution: At least 20%
2. Tier 2:
   • Maximum Loan: N50 million
   • Minimum Years of Business Operation: 5 years
   • Staff Strength: Minimum of 5
   • Annual Revenue Turnover: Above N100 million – N300 million
   • Equity Contribution: 20%
3. Tier 3:
   • Maximum Loan: N20 million
   • Minimum Years of Business Operation: 3 years
   • Staff Strength: Minimum of 5
   • Annual Revenue Turnover: Above N10 million – N100 million
   • Equity Contribution: 15%
4. Tier 4:
   • Maximum Loan: N5 million
   • Minimum Years of Operation: 1 year
   • Staff Strength: Minimum of 2
   • Annual Turnover: Above N2 million – N10 million
   • Equity Contribution: 15%

Loan Tenor: 12 – 36 months

Contact Information for W Power Loan:

• Phone Numbers: +234 1- 2712005-7, +234 1-2802500, 07003000000, 01-2273000
• For more information, call Access Bank’s hotline: 1-2273005
• Email for checking W Power Loan status: ESG Info@esgforwomen.com
• Website: Access Bank

Conclusion:

The W Power Loan By Access Bank is tailored to support and uplift women-owned businesses. If your business aligns with the specified requirements, you stand a high chance of securing the loan. Take advantage of this opportunity to propel your business forward. For further details or to initiate the application process, visit the official website or contact Access Bank through the provided channels. Empower your entrepreneurial journey with the W Power Loan today!