One interesting fact I have noticed over the years is that while entrepreneurs and others in dare need of capital are having sleepless nights thinking of how to get loans to start up or resuscitate their businesses, banks are busy pestering oil workers and other workers with fat monthly cheques for loans. This of course, is due to the fact that the financial institutions are assured of security for their loans given to this big shots. When the entrepreneur comes forward for a loan, the requirements are more like those given by a voodoo priest to a client who wants to speak with his grandfather who died 50 years ago.

This is why the Lagos state employment trust fund loan program, which grants you access to loan facilities between N500,000 naira (five hundred thousand naira) and N5,000,000 (five million naira), is a welcome development.

The Lagos state employment trust fund, LSETF, loan program was established by Lagos State Government to provide financial support to business owners in Lagos in order to tackle unemployment and increase job and wealth creation in Lagos state.
The loan provides a great opportunity for you to grow your business, and you can receive funds from N500,000 to N5,000,000.
The funds are granted at a 5% interest rate for a period of 12 to 36 months depending on the size of your business.

Application Requirements for the Lagos State Employment Trust Fund LSETF Loan:
Bank Statement (6 months)
Proof of Education or Training Certificates
Photograph
Tax Identification Number (for Applicant)
Proof of Payment of Corporate Taxes
LASRRA Card
Evidence of Company Incorporation (CAC Certificate)
2 Notarized Guarantor’s Form
SOURCE & LAGOS STATE EMPLOYMENT TRUST FUND APPLICATION LINK