â€œOur very first class was held in August 1996, and in July 2007, we will celebrate 10 years of lending,â€ said Denise Peek, executive director of the LCMF for the past seven years.
â€œIâ€™d worked in the restaurant field for over 20 years and figured I might as well do this myself,â€ said Kelly. â€œI had an opportunity, and I just learned such wonderful things from Denise
always had faith in me.
I was a single mother with two kids, and I wanted to better myself.
Through that program, she
helped me do that.
consists of Peek
and a volunteer board.
would like to expand the program to include bigger companies that also need help.
â€œThere is a group of entrepreneurs who need to borrow between $15,000 and $30,000 on a consistent basis, and there are no resources for them,â€ she
explained. â€œWe can become a [Small Business Administration] micro-loan lender, but we have to be able to service at least three entire counties because thatâ€™s a lot of money to be lending.
Iâ€™m looking at expanding in Ingham County, and Iâ€™d be more than happy to talk to individuals from Eaton and Clinton counties.
Thatâ€™s a segment of the entrepreneurial market that isnâ€™t being served and the [LCMF] would like to serve that group.â€
As more displaced workers enroll in her
noted that they often have not considered consulting opportunities with their former employers.
â€œThey do not realize they have enough experience to become consultants for GM
on some of those machines and processes theyâ€™ve been working on for years,â€ she
said. â€œThey donâ€™t know how to turn that knowledge into a business.
, Executive Director
316 N. Capitol Ave., Lansing