The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work. The loan scheme, which attracts only 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.
TACT LOAN
DO YOU RESIDE OR RUN A BUSINESS IN THE LAGOS EAST SENATORIAL DISTRICT (EPE, IBEJU-LEKKI, IKORODU, KOSOFE OR SOMOLU)? IF YOU DO, WE ARE PLEASED TO INFORM YOU THAT YOU CAN APPLY FOR THE TACT LOAN (FACILITATED BY SENATOR MUKHAIL ADETOKUNBO ABIRU) AND GET UP TO ONE MILLION NAIRA AT AN INTEREST RATE OF 6% PER ANNUM!
THE LOANS ARE IN FOUR CATEGORIES:
NANO LOANS (N10,000 - N100,000)
MICRO ENTERPRISE START-UP LOANS (N50,000 - N250,000)
MICRO ENTERPRISE LOANS (N50,000 - N500,000)
SMALL & MEDIUM ENTERPRISE LOANS (N500,000 - N1,000,000)
TO LEARN MORE ABOUT THE PROGRAMME, VISIT https://www.tokunboabiru.org/msme-1000
LSETF Micro Enterprise Loan (N50,000 - N500,000) per person
FEATURES
- AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=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
- BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
LSETF Micro Enterprise Start Up Loan (N50,000 - N250,000) per person
FEATURES
AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE
MAXIMUM LOAN AMOUNT =N=250,000
TENOR = 12 MONTHS
EQUITY = 5% OF LOAN SIZE
INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
LASSRA ID
TAX ID (LIRS)
VALID GOVERNMENT ISSUED IDENTITY CARD
BANK VERIFICATION NUMBER
1 PASSPORT PHOTOGRAPH
VOCATIONAL TRAINING CERTIFICATE FROM A LAGOS STATE-RECOGNISED CERTIFYING BODY
LSETF Small and Medium Size Enterprise Loan (N500,000 - N5,000,000) per business
FEATURES
- AVAILABLE TO ALL SMALL AND MEDIUM SIZE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN SIZE =N=5M
- 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 NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- BANK VERIFICATION NUMBER
- 2 PASSPORTS
- 12 MONTHS CORPORATE BANK STATEMENT
- BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR
