The LSETF MSME Loan Program (50,000 to 500,000)

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)

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

Apply Now

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

Apply Now

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

Apply Now