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Metro Newsroom


METCO Awards Loans to Four Small Businesses

Thursday June 30, 2011

Four local businesses received loans from Louisville Metro Government, including a new restaurant and brew pub, a self-serve yogurt bar, a book store that carries rare books and an expanded massage clinic that will create new jobs.

A total of $200,000 in loans was approved by the Louisville Metropolitan Business Development Corporation, with an overall potential investment of $1,020,000.

Projects include:

· $40,000 loan to Choices Yogurt Bar, LLC located 2214 Holiday Manor Court. The loan will allow owner William Cohen to open a self-serve yogurt bar that offers a variety of healthy toppings customers pick out themselves.

· $30,000 loan to A Reader’s Corner, LLC. The loan will allow owners Tim and Judy Fout to move their book store, which sells used, new, rare and out of print books, to 2004 Frankfort Avenue. The location will provide a better work space and more walk-in traffic.

· $30,000 loan to Kentucky Massage Clinics, LLC. The loan will allow owner Laurance Levine to move his business, a Massage Envy franchise location, from a 3200 square-foot space to a 3700 square-foot location within the Shelbyville Road Plaza. The expansion will create five new jobs.

· $100,000 loan to Against the Grain, LLC. The loan will allow owners Adam Watson, Jerry Gnagy and Samuel J. Cruz to purchase Browning’s restaurant from Paula Barmore and open a new restaurant and brew pub, located at Slugger Field.

For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.