Thursday May 19, 2011
Five local businesses received loans from Louisville Metro Government, including two new restaurants, a grocery store and a building that will house a Family Dollar store.
A total of $373,140 in loans was approved by the Louisville Metropolitan Business Development Corporation, with an overall potential investment of $2.4 million.
· $70,000 loan to Farm Boy Food Mart , LLC, located at 1800 West Oak St. The loan will allow the owner, Laui Hasouneh, to purchase real estate and open a grocery store, offering fresh produce as well as regular grocery items.
· $40,000 loan to Made by Hand, LLC. The loan will help owner Gabriel J. Sowder open Taco Punk, located at 736 E. Market Street. The start-up restaurant will offer quick serve specializing in creative tacos and a limited selection of appetizers and sides as well as fine beer and wine.
· $ 150,000 loan to SAL Louisville, LLC, a real estate development company owned by Randall P. Roth and Robert K. Homes. SAL Louisville has a lease with Family Dollar and this loan will fund construction of a building which will house a Family Dollar store at Park DuValle.
-$40,000 loan to Papalino’s New York Pizzeria II, LLC, located 947 Baxter Avenue. Owners Allan Rosenberg and John Browne will use the loan to open a second location of their pizza restaurant at 1830 South 3rd Street near the University of Louisville.
-$23,140 façade loan to Michael and Robin Brohm to make improvements to a building located at 711 E. Market Street.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.