This document outlines the prohibited and restricted business categories for the Woveo Small Business Loans Program to ensure funding aligns with ethical, legal, and regulatory standards. Woveo’s mission is to enhance access to affordable credit while supporting businesses that contribute positively to their communities.
Key Principles
1. Woveo reserves the right to deny services to any jurisdiction, individual, or organization engaged in illegal, unethical, or high-risk activities that may cause reputational, regulatory, financial, or operational harm.
2. The document provides guidance on prohibited and restricted businesses.
Prohibited Business Activities
The following businesses are not eligible for Woveo’s SMB Loan Program:
• Illegal Activities (terrorism, financial crimes, environmental crimes, fraud)
• Violence-Related Activities (sale of weapons, explosives, military equipment)
• Harmful Digital Activities (spam, malware distribution, tax evasion, unauthorized data collection)
• Regulated or Banned Sectors, including:
• Adult entertainment (pornography, escort services, strip clubs)
• Drug-related businesses (illicit drugs, paraphernalia)
• Human organ trade and trafficking
• Gambling, lotteries, pyramid schemes
• Cryptocurrencies, NFTs, and virtual currencies
• Animal exploitation or endangered species trade
• Firearms, ammunition, military-grade technologies
• Precious metals and mining operations
• Oil, petroleum, and related industries
• Multi-level marketing or high-risk commission-based sales
Financial and Professional Services Restrictions
• Investment & Credit Services (securities brokerage, mortgage consulting, credit repair, real estate investments)
• Lending & Crowdfunding (peer-to-peer lending, high-risk financing, speculative investments)
• Trading & Wealth Management (stock, futures, currency exchange services)
Evaluation & Considerations
• All applicants are subject to eligibility review based on compliance, ethical alignment, and risk assessment.
• Businesses falling within the prohibited or restricted categories may be disqualified from receiving funding.
This policy ensures that Woveo’s financial support is directed toward businesses that promote responsible and sustainable economic development.