METCO Approves Three Loans to Local Businesses
Thursday December 8, 2011
A total of $180,000 in loans was approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage nearly $6.9 million in total investment.
· $30,000 loan to Kentucky Massage Clinics, LLC, located at 3572 Springhurst Boulevard. The loan will allow owner Laurance Levine to open a second location of Kentucky Massage Clinics, creating 34 new jobs.
· $100,000 loan to Heartsong Memory Care, LLC, located at 9260 & 9300 Stonestreet Road. The loan will allow owner Mark Lee to purchase land, and renovate personal care housing for a new senior care/senior daycare facility, for seniors with moderate to advanced dementia. This project will create 30 new jobs.
· $50,000 façade loan to Joy 1015, LLC, located at 1015 Bardstown Road. This loan will allow owner Gary Joy to renovate a currently vacant property, including the restoration of the storefront, new and replacement windows, painting and other minor repairs. The building will eventually have retail space on the first floor, with four apartments above.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.