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Access Bank Creative Sector Loan
Creative Sector Loan
The creative sector loan is a Central Bank of Nigeria initiative aimed at capacity building and employment creation for individuals and businesses currently into any of the following:
- Fashion
- Information Technology
- Movie Production
- Movie Distribution
- Music
- Software Engineering Student Loan
Benefits
- Low cost-single digit funding for your business
- Flexible structure and repayment plans
- Opportunity to achieve your long term business goals
- Excellent financial advisory service
How it works
- Prepare your business plan or statement on how much you want for your business.
- Go to any Access bank branch with the above mentioned document or apply online through our Creative sector loan portal
- Our Relationship officers will contact you for further discussion and process your loan request.
- The maximum interest rate of 9% per annum (all charges inclusive) is applicable on all loans.
- The repayment period is a maximum of:
a) 3 years for Software Engineering Student Loans
b) 10 years for Movie Production & Distribution, Fashion, Information Technology and Music
Eligibility Requirement
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The eligibility requirements to access the loan are
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- Business Plan
- Economic benefits
- 3 Years Financial Projections
- 3 years audited accounts for existing companies
- Statement of Affairs for start-ups and companies with less than 3 years of existence
- Copies of duly executed offer documents between the bank and loan applicants
- Certificate of Incorporation. R.C
- Brief on Directors
- BVN
- Tax Identification Number (TIN)
- Previous /Current Management Position
- Shareholding
- At least 2 Credit Reports for the company and each Director
- Proposed schedule of fund disbursement
- Proposed schedule of fund repayment
- CBN Intervention(s) which the project is Currently Benefiting from
- Outstanding Amount(s) in respect of 12 above
- Minimum Equity Contribution-30% of total project cost
- Provide evidence of any of the following:
– Legal mortgage
– All asset debenture
– Personal Guarantee
Interested? Click here to fill in your details.
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