The Lagos State Employment Trust Fund (LSETF) has launched its Micro, Small, and Medium Enterprises (MSME) loan program, offering entrepreneurs the opportunity to access up to N5 million to scale their businesses. Here’s what you need to know to apply:
Program Overview:
- The MSME loan program aims to support businesses in scaling operations, expanding to new markets, or launching new products.
- It is divided into three categories: Micro Enterprise Startup (MES) Loan, Micro Enterprise (ME) Loan, and Small & Medium Enterprise (SME) Loan.
Loan Categories and Requirements:
- Micro Enterprise Startup (MES) Loan:
- Loan Amount: Between N50,000 and N250,000.
- Requirements:
- LASRRA ID
- Tax ID (LIRS)
- Valid government-issued identity card
- Bank Verification Number (BVN)
- 1 passport photograph
- Vocational training certificate from a Lagos State-recognized certifying body
- Micro Enterprise (ME) Loan:
- Loan Amount: Between N50,000 and N500,000.
- Requirements:
- LASRRA ID
- LIRS tax receipt
- Valid government-issued identity card
- Bank Verification Number (BVN)
- 1 passport photograph
- 6-month bank statement(s)
- Small & Medium Enterprise (SME) Loan:
- Loan Amount: Between N500,000 and N5 million.
- Requirements:
- LASRRA ID
- LIRS tax receipt
- Valid government-issued identity card
- Valid CAC documents
- Bank Verification Number (BVN)
- 1 passport photograph
- 6-month corporate bank statement(s)
- Business registration with CAC and operational for at least a year
Application Process:
- Interested individuals can apply using the application link provided by the Lagos State Employment Trust Fund (LSETF).
Don’t miss this opportunity to access funding and scale your business with the support of the LSETF MSME loan program. Apply now and take your business to the next level!