LSETF MSME Loan Programme 2021 Application Form | Lagos State Employment Trust Fund

Want to know more about the ongoing LSETF MSME Loan Programme? Are you a business owner in Lagos State looking for financial support in your business? If yes then this post is for you.

Here you will get to find out the different options in the Lagos State Employment Trust Fund – LSETF MSME Loan Programme. All you have to do is to read through this post very well and select any of the options here to register.

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 owner operating and resident in Lagos State
  • Maximum loan amount is N500,000
  • Loan Tenor is 12 months (no moratorium)
  • Interest rate is 9% per annum
  • Equity is 5% of loan size

Requirements

  • LASSRA ID
  • Tax ID (LIRS)
  • Valid government issued Identity Card
  • Bank Verification Number (BVN)
  • 6 months bank statement
  • 2 Passport photographs (not black and white)
  • Business must be in existence for at least one year

APPLY HERE


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 = 12-15 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 (BVN)
  • 2 passport photographs
  • Vocational certificate from a Lagos State recognised certifying body

APPLY HERE


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 (BVN)
  • 2 passport photographs
  • 12 months corporate bank statement
  • Business must be registered with CAC and operational for at least a year

APPLY HERE

READ ALSO: Agricultural Loan Grant 2021/2022 by the Federal Government | Read How to Apply Online


Micro-Enterprise loan renewal (50,000-500,000) per person

Features

  • Available to all beneficiaries that have fully liquidated their previous loan
  • Maximum loan size =n=500,000
  • 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
  • 2 passport photographs
  • 6 months personal bank statement
  • Previous loan repayment bank statement

APPLY HERE


Small and Medium Size Enterprise Loan Renewal

Features

  • Available to all beneficiaries that have fully liquidated their previous loan
  • Maximum loan size = (=n=5m)
  • Tenor = 24 – 36 months
  • Equity = 5% of loan size
  • Interest rate = 5% 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 passport photographs
  • 12 months corporate bank statement
  • Previous loan repayment bank statement

APPLY HERE


LSETF/FIRST-EDU Loan (500,000-5,000,000) per school

Features

  • Available to schools operating in Lagos state
  • Maximum loan size =n=5m
  • 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 number (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 the CAC and operational for at least 1year.

APPLY HERE


LSETF/EDFIN EDU Loan (500,000-5,000,000) per school

Features

  • Available to schools operating in Lagos state
  • Maximum loan size =n=5m
  • Tenor = 12 – 30 months
  • Equity = 5% of loan size and 10% of asset finance.
  • 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
  • Minimum of 100 students enrolled
  • Bank verification number
  • 2 passport photographs

APPLY HERE


LSETF Tourism Loans

Features

  • Available to all businesses in the tourism and hospitality sector operating in Lagos state and registered under the ministry of tourism
  • Maximum loan size =n=5m
  • Tenor = 12 – 24 months
  • Equity = 5% of loan size
  • Interest rate = 5% per annum

Requirements

  • LASSRA ID
  • Tax ID (LIRS)
  • Valid government issued identity card
  • Tin number (firs tax identification number)
  • Valid CAC documents
  • Business must be registered under the ministry of tourism
  • Bank verification number
  • 2 passport photographs
  • 12 months corporate bank statement

APPLY HERE

READ ALSO: CBN Loan Application Form 2021 at 5% Interest Rate Per Annum without Collateral


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

LSETF/Access Bank Micro Enterprise Start up Loan (50,000 – 250,000)

Features

  • Available to female micro enterprise start-ups in Lagos state
  • Maximum loan amount =n=250,000
  • 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 recognised certifying body

LSETF/Access Bank Micro Enterprise Loan (50,000-500,000)

    Features

  • Available to all female 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 = 10% 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/Access Bank Small and Medium Enterprise Loan (500,000-5,000,000)

Features

  • Available to all female business owners operating and resident in Lagos state
  • Maximum loan size =n=5m
  • 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 number (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 a year

APPLY HERE


You can simply click on the LSETF MSME Loan Programme that suites your business and apply for them. Use the button below each MSME Loan Programme to apply.

Note: The LSETF MSME Loan Programme is not a grant but a loan which you are you expected to pay within the tenor allocated to you. Loan overdue will attract penalties. You can click here to see other grants or loans available in Nigeria for SMEs.

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