Tuesday June 29, 2010
Four local businesses received small-business loans from Louisville Metro Government, including a start-up insurance company and a new art gallery.
The low-interest loans, totaling $152,192, will create new jobs and help expand the city’s economy, Mayor Jerry Abramson said.
The loans, approved by the Louisville Metropolitan Business Development Corporation, are:
· $75,000 loan to Lotze Insurance & Financial Services, Inc. at 309 Blue Ridge Road. Samuel Lotze recently sold his Allstate Agency to purchase an independent agency, allowing him to sell insurance for several carriers. The loan will be used for working capital. The agency will retain two employees and hire two more.
· $20,000 loan to EN V US, LLC, a business at 12911 Shelbyville Road that offers massage therapy and personal health services. The loan will allow owners Marcia Connelley and Theresa Paradise to expand into 4600 additional square footage. The expansion will allow them to hire 12 new employees as well as add facials and other spa treatments to their list of services.
· $20,000 loan to Revelry Boutique-Gallery, LLC to start up an art gallery and boutique at 1225 Hess Lane owned by Paula Weyler George. The gallery will offer fine art and a retail boutique and gift shop carrying original handcrafted items including jewelry, household accessories and décor items.
· Loans of $27,192 and $10,000 to Dixie Equity, LLC, owned by Chris and Sean Deeley (D&W Silks) for façade and accessibility improvements to their building at 2320 Frankfort Avenue.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm