Posted By: McBrandon Business Consulting
Today, we shall be publishing the third and concluding part of the 3-day series on the above subject.
We are certain by now, you would find one of them suitable enough to meet your specific need.
5. Lagos State Employment Trust Fund
Lagos State has N25 billion to support SMEs. The fund is divided into two categories; micro and small businesses. Under the micro, businesses can access up to N500, 000 loans with an interest rate of five percent and a tenor of one year. For the small business category, businesses can get up to N5 million for a tenor of three years. The criteria for accessing the funds include: membership of a business organisation, which will recommend the business for the loan; Lagos State tax receipt for at least six months, and Lagos state residency card. This takes three weeks for processing.
Today, we shall be publishing the third and concluding part of the 3-day series on the above subject.
We are certain by now, you would find one of them suitable enough to meet your specific need.
5. Lagos State Employment Trust Fund
Lagos State has N25 billion to support SMEs. The fund is divided into two categories; micro and small businesses. Under the micro, businesses can access up to N500, 000 loans with an interest rate of five percent and a tenor of one year. For the small business category, businesses can get up to N5 million for a tenor of three years. The criteria for accessing the funds include: membership of a business organisation, which will recommend the business for the loan; Lagos State tax receipt for at least six months, and Lagos state residency card. This takes three weeks for processing.
“There are various funding available to owners of small businesses. In our business organisation we have access to the government Social Intervention Fund, Lagos State Employment Trust Fund and the Bank of Industry micro lending fund,” Femi Egbesola, National President, Association of Small Business Owners (ASBON), told Start-Up Digest.
6. Social Intervention Fund of FG
A total of N6 billion was allocated under the Social Intervention Fund of the 2017 budget. The criteria for accessing the fund include membership of a business organisation. The fund is for artisans and owners of micro businesses. The artisans of business owners can only access a maximum of N100, 000 at three percent interest rate on a year tenor.
7. Oxfam
Oxfam has a number of funds for Nigerian entrepreneurs.Oxfam, an international confederation of charitable organisations focused on the alleviation of global poverty, recently disbursed €100 million to high-impact SMEs in Nigeria through Nextzon.
Thank you for keeping up with us. With your continued support, we promise to bring to you more interesting business opportunities that can help you as an individual or your business. If you are yet to LIKE and FOLLOW us on this page, please do so as this is one way you can connect with us for latest business updates.
You can write a bankable Feasibility Report/Study on your business with us. Talk to us about it at: mcbrandonbc@gmail.com or call us on: +234 905 937 1424.
If you are interested in owning a consulting business in digital advertising that can generate regular flow of income for you, join our first batch of trainees HERE
6. Social Intervention Fund of FG
A total of N6 billion was allocated under the Social Intervention Fund of the 2017 budget. The criteria for accessing the fund include membership of a business organisation. The fund is for artisans and owners of micro businesses. The artisans of business owners can only access a maximum of N100, 000 at three percent interest rate on a year tenor.
7. Oxfam
Oxfam has a number of funds for Nigerian entrepreneurs.Oxfam, an international confederation of charitable organisations focused on the alleviation of global poverty, recently disbursed €100 million to high-impact SMEs in Nigeria through Nextzon.
Thank you for keeping up with us. With your continued support, we promise to bring to you more interesting business opportunities that can help you as an individual or your business. If you are yet to LIKE and FOLLOW us on this page, please do so as this is one way you can connect with us for latest business updates.
You can write a bankable Feasibility Report/Study on your business with us. Talk to us about it at: mcbrandonbc@gmail.com or call us on: +234 905 937 1424.
If you are interested in owning a consulting business in digital advertising that can generate regular flow of income for you, join our first batch of trainees HERE
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