No I don’t know the specifics on where the fund originated, however, in seeing how these loans have been done in the past, they seem to be fully collateralized and the applicants are fully qualified. Its not picking winners and losers, its security… would you want to loan your money to a low risk person or a high risk person?

Since its a “revolving loan” it means that this money “revolves” i.e. comes back, so they can do more loans in the future (only bigger, because of the interest collected)… thats putting money back into our community to help support investors and entrepreneurs. When available credit and investment are everything but scarce, making good loans for quality investments only begets further investment… which is something we need right now.

Thanks for the comment.

I’m not assuming it comes from property taxes.

But, as a resident of the city, I know that Lansing City Hall, especially the Mayor and the Lansing City Council can pick winners and losers.

That will certainly affect my attitude when I pay my taxes.

I certainly support wise decisions and this could be one of them. As a citizen, I’m anxious to learn more, but specific information is hard to find.

By the way, do you know where that revolving fund comes from?

Wes Thorp