Free Government Loans and Start-Up Grants for Businesses Funded

See the latest free government loans that could help you with your small, medium, or large businesses. We’ll show you the most recent free government loans that can boost your productivity and create room for you to break through financially.

Small businesses are facing difficult times, but assistance is obtainable. You can secure financial aid from the government at the federal, state, and local levels, as well as the private sector.

It could be in the form of a grant, a loan, or a competitive advantage in a challenging business market. What we have here is a summary to enable you to figure out what’s out there.

Free Government Loans and Grants

The persistent COVID-19 pandemic has had a severe impact on businesses of all sorts. Others have had to reconsider their business approach because they are just getting started.

As a result, government aid to businesses and individuals is required. This comprises tax credits, loans, and grants, among other things.

If you want an emergency loan, make sure you apply for at least two of the available loans listed below. These loans and grants will benefit your various businesses in no small measure.

You must submit your application on or before the loan deadline. Before filling out the loan application form, make sure you meet the prerequisites, such as having a small business and being at least 18 years old.

Apply for Financial Help for your Business

Every year, the federal government spends tens of billions on goods and services. A transparent process is used to spend a large portion of that money.

There are programs in place to help some small businesses navigate the process, giving them a better chance to qualify for government funds.

It’s also worth noting that the application requirements are easy.  The majority of the government grants offered today are available to those that fall within the specified age bracket.

While looking for grant and loan opportunities, keep in mind that you may be eligible for more than one.

Apply for the following grant programs:


Federal Government SMEDAN Loan

Amount: ₦1,000,000 per Individual



Lagos State MSME Recovery Fund

Amount: ₦1,000,000 per Individual



CBN Covid-19 Loan

Amount: ₦1,000,000 to ₦25,000,000 per Individual




Nigeria Youth Investment Fund

Amount: ₦250,000 to ₦500,000 per Individual


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