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Woveo SMB Loan Program - Stage 3: Final Approval & Fund Access (brief)

You’ve made it through Stages 1 and 2 now it’s time to activate your loan and receive the funds.

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Written by Woveo Support
Updated over 2 months ago

The Woveo Small Business Loan offers up to $10,000 in community-driven funding. Unlike traditional lenders, we focus on relationships, impact, and growth.

🎯 Goal: Confirm your loan terms, engage your Accountability Partner, and access your funds.

✔ Key Steps in Stage 3

✅ Step 1: Review & Accept Loan Terms

  • Confirm your loan amount, interest rate, and repayment schedule

  • Understand your total repayment and late fee policy

  • Check “I Agree” to move forward

🤝 Step 2: Invite Your Accountability Partner

  • Your partner will:

    • Accept their role (non-liable but committed)

    • Contribute $100 upfront as part of the Accountability Partner role

    • Earn 3% back based on your repayment success

  • You can change your partner if needed

💸 Step 3: Access Your Funds

  • Once your partner confirms, your loan is:

    • Deposited into your Woveo Wallet

    • Transferable to your bank account

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