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.
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
- VALID CAC DOCUMENTS
- BANK VERIFICATION NUMBER
- 2 PASSPORTS
- 6 MONTHS CORPORATE BANK STATEMENT
- BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR
Ojo LGA ME Loan Scheme
FEATURES
- AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=50,000
- MAXIMUM LOAN AMOUNT =N=200,000
- 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
- BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
Onigbongbo LCDA ME Loan Scheme
FEATURES
- AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=50,000
- MAXIMUM LOAN AMOUNT =N=200,000
- 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
- BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
Ojo LGA MES Loan Scheme
FEATURES
- AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE
- MINIMUM LOAN AMOUNT =N=50,000
- MAXIMUM LOAN AMOUNT =N=100,000
- TENOR = 12 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 5% 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
Onigbongbo LCDA MES Loan scheme
FEATURES
- AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE
- MINIMUM LOAN AMOUNT =N=50,000
- MAXIMUM LOAN AMOUNT =N=100,000
- TENOR = 12 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 5% 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
