Submitted to the Optic
Valerie Hayden, a local small business owner and entrepreneur network coordinator, knows that sometimes a business idea needs financial assistance to come to fruition. On Thursday evening, George Kenefic of the Loan Fund will talk to area entrepreneurs about financing options from the company.
“The Loan Fund Comes to Las Vegas” will be held from 5:30 p.m. to 7:30 p.m. Thursday at Kennedy Lounge on the campus of New Mexico Highlands University.
Hayden said, “Sometimes all it takes is an infusion of cash to take the seed of an idea and make it grow into a successful business. Small to medium sized loans will often make the difference between expanding an existing business, or giving a new business leverage to purchase more inventory or hire staff, which is why we have invited Kenefic of The Loan Fund, to come to Las Vegas and talk about the services his nonprofit lending organization offers.”
Hayden said every entrepreneur knows success is dependent on funding, whether you own a commercial establishment, a professional office or manage a nonprofit organization.
“But access to loan dollars can be a challenge for small operations and start-ups,” she said.
“That’s who The Loan Fund is designed to help,” said Kenefic, director of enterprise empowerment for The Loan Fund. “We work with experienced business owners, and entrepreneurs just starting out, people who have great ideas but cannot generally access traditional financing.”
He said The Loan Fund is experienced in community development and works closely with referring banks to empower local economies, helping entrepreneurs get started and existing businesses expand.
The fund has loaned more than $3 million to small businesses around New Mexico in a single year, helping 17 start-up businesses and 47 existing businesses with loans ranging from $5,000 to more than $100,000. Among the clients are owners of restaurants, art galleries, a school bus company, trucking companies, flower shops, and assisted living facilities.
The fund also helps non-profits.
“We believe these organizations have dedicated people developing ideas, building dreams, and working toward economic security for themselves, their families, and their communities,” he said. “We make loans, and we provide financial planning, operations, and other technical assistance so our nonprofit clients will survive and thrive.”
Hayden said. “I encourage everyone with questions about alternative financing for their great business ideas to attend “The Loan Fund Comes to Las Vegas.”
George and his staff have a wealth of information to help our Las Vegas and area entrepreneurs bring their ideas to fruition.