Lagos State MSME Loan Application 2021 At LSETF Portal

Lagos State MSME Loan Application 2021 At LSETF Portal

Applications are invited from suitably qualified individuals to the current year Lagos State MSME Loan programme organized to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work. This programme is available to registered residents o Lagos State who owns any business in the state.

With the Lagos State MSME Loan Application, beneficiaries can access as high as five million (5,000,000) Naira which attracts only a 9% interest rate per annum.

Interested individuals should follow the below guidelines to apply in the suitable category as the programme is categorized as follows:

LSETF Micro Enterprise Start Up Loan (Per Person)

This category is for Micro Enterprise Start-Ups in Lagos State.

Maximum Loan Amount: #50,000

Maximum Loan Amount: #250,000

Loan Tenor: 12-15 months (including 3 months moratorium)

Equity: 5% of Loan Size

Interest Rate: 9% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• Vocational certificate from a Lagos State recognized certifying body

LSETF Micro-Enterprise Loan (Per Person)

This category is for all business owners operating and residents in Lagos State.

Maximum Loan Amount: #50,000

Maximum Loan Amount: #500,000

Loan Tenor:12 Months (No Moratorium)

Equity: 5% of Loan Size

Interest Rate: 9% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• 6 months bank statement
• The business must have been functional for a minimum of one year

SEE ALSO:

• LSETF Registration At Lagos State Employment Trust Fund Website
• Kwara Entrepreneur Support Programme Application At Kwapreneurs
• Lagos Innovates Application At LSETF Portal
• Lagos CARES Application Form At LSETF Portal

LSETF Small And Medium Size Enterprise Loan (Per Business)

This category is for all small and medium-sized business owners operating and residents in Lagos State.

Maximum Loan Amount: #500,000

Maximum Loan Amount: #5,000,000

Loan Tenor:24-36 Months

Equity: 5% of Loan Size

Interest Rate: 9% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• TIN (FIRS Tax Identification Number)
• Valid CAC documents
• Bank verification number
• 2 passport photographs
• 12 months corporate bank statement
• Business must have been established with CAC and operational for at least a year

LSETF Micro-Enterprise Loan Renewal (Per Person)

This available to all beneficiaries that have fully liquidated their previous loan

Maximum Loan Amount: #50,000

Maximum Loan Amount: #500,000

Loan Tenor:12 Months (No Moratorium)

Equity: 5% of Loan Size

Interest Rate: 5% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• 6 months bank statement
• Previous loan repayment bank statement

LSETF Small And Medium Size Enterprise Loan Renewal

This available to all beneficiaries that have fully liquidated their previous loan

Maximum Loan Amount: #50,000

Maximum Loan Amount: #250,000

Loan Tenor: 24-36 months (including 3 months moratorium)

Equity: 5% of Loan Size

Interest Rate: 5% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• 12 months corporate bank statement
• Previous loan repayment bank statement

LSETF/FIRST EDU Loan (Per School)

Available to schools operating in Lagos State

Maximum Loan Amount: #500,000

Maximum Loan Amount: #5,000,000

Loan Tenor:12-24 Months

Equity: 5% of Loan Size

Interest Rate: 9% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• TIN (FIRS Tax Identification Number)
• Valid CAC documents
• Minimum of 50 students enrolled
• Bank verification number
• 2 passport photographs
• 12 months corporate bank statement
• School or Training Institute must be registered with CAC and operational for at least a year

LSETF/FIRST EDFIN EDU Loan (Per School)

Available to schools operating in Lagos State

Maximum Loan Amount: #500,000

Maximum Loan Amount: #5,000,000

Loan Tenor:12-30 Months

Equity: 5% of Loan Size and 10% 0f Asset Finance.

Interest Rate: 9% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• TIN (FIRS Tax Identification Number)
• Valid CAC documents
• Minimum of 100 students enrolled
• Bank verification number
• 2 passport photographs

LSETF/Access Bank Women Entrepreneurs Fund  (W-Initiative)

LSETF/Access Bank Micro Enterprise Start-Up Loan 

Available to all-female micro-enterprise start-ups in Lagos State

Maximum Loan Amount: #50,000

Maximum Loan Amount: #250,000

Loan Tenor:12-15 Months (including 3 months moratorium)

Equity: 5% of Loan Size

Interest Rate: 10% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• Vocational certificate from a Lagos State recognized certifying body

LSETF/Access Bank Micro-Enterprise Loan 

Available to all female business owners in Lagos State

Maximum Loan Amount: #50,000

Maximum Loan Amount: #500,000

Loan Tenor:12 Months (no moratorium)

Equity: 5% of Loan Size

Interest Rate: 10% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• Bank verification number
• 2 passport photographs
• 6 months bank statement
• The business must have been functional for a minimum of one year

LSETF/Access Bank Small And Medium Enterprise Loan 

Available to all female business owners operating in Lagos State

Maximum Loan Amount: #500,000

Maximum Loan Amount: #5,000,000

Loan Tenor:24-36 Months

Equity: 5% of Loan Size

Interest Rate: 10% Per Annum

Requirements

• LASSRA ID
• Tax ID (LIRS)
• Valid government-issued identity card
• TIN (FIRS Tax Identification Number)
• Valid CAC documents
• Bank verification number
• 2 passport photographs
• 12 months corporate bank statement
• Business must be registered with CAC and operational for at least one year

How To Apply For Lagos State MSME Loan

• Follow the ‘APPLY’ link behind the suitable programme in the below-table.
• Supply your active email address.
• Log into your email and verify your account.
• Proceed to complete your application.
• Submit and await notification for the next process if shortlisted.
• The application deadline was not specified