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Portland, South End Businesses Awarded Loans

Friday August 24, 2007

LOUISVILLE – Three local businesses, including a barbershop in Portland and an Okolona beauty salon, have been awarded small business loans that will help them purchase or improve their properties.

The low-interest loans, totaling $80,000, were approved Thursday by the Metropolitan Business Development Corporation, an agency of Louisville Metro Government.

“These businesses are investing in our city — improving property and bringing jobs and services to neighborhoods,” Mayor Jerry Abramson said.

Businesses receiving loans are:

  • The Cottage on Preston, 9017 Preston Highway, in Okolona. A $25,000 façade loan will help the property’s owners — Sharon Young, Linda Phillips, Christi Carroll and their spouses — improve their property, which houses Salon 7, a hair and beauty salon. The façade loan will help buy new awnings and signage, repair the porch and improve the parking lot.
  • Little’s Barber Shop, 2137 Portland Avenue, in the Portland neighborhood. A $25,000 low-interest loan will help Steve Little purchase the building he’s currently renting that houses his barber shop.
  • Kolb Holdings/Bandana Yardbirds, 6228 Strawberry Lane, in the Southside neighborhood. A $30,000 façade loan will help Rich Kolb renovate a building that will become the new home of his business, which manufactures metal animal sculptures sold as novelty items and gifts. Bandana Yardbirds is currently located at 2921 S. Second Street. The facade loan will buy outdoor lighting, new awnings and overhead doors, among other things.

For more information about business loans provided by Metro Government, see www.louisvilleky.gov/economicdevelopment