Thursday July 26, 2007
LOUISVILLE, Ky. – Two motorcycle shops and two restaurants are among the companies awarded small-business loans today from Louisville Metro Government.
The low-interest loans, totaling $270,000, will help expand the city’s economy, Mayor Jerry Abramson said, while also bringing new stores to neighborhoods.
“Small businesses are the backbone of our economy,” Abramson said. “These loans help bring new jobs and new investments to all parts of our city.”
The loans approved today by the Metropolitan Business Development Corporation were:
· Egghead, a breakfast-lunch restaurant to open at 3938 DuPont Circle. Owners Jeffery Rothberg and Shane Hall plan to provide traditional breakfast and lunch items at reasonable prices. Rothberg is an owner of Napa River Grill; Hall is the general manager at Napa. They are receiving a $50,000 loan.
· The Café, a restaurant that will open at 709 Vine Street. Owner Sal Rubino plans to use a $25,000 loan to help renovate the building and add new windows, doors and awnings. The Café is currently located at the Louisville Antique Mall, which is moving from Goss Ave. to Broadway. The café does business at Hospitality Properties LLC.
· Commonwealth Realty Investment, which is moving its Commonwealth Motorcycles dealership to 625 E. Jefferson Street, across the street from the Liberty Green redevelopment. A $60,000 low-interest loan will be used to improve the façade of the former Omni Photographic building, which Commonwealth purchased earlier this year. The façade loan will add six new windows, canopies, new fencing and improvements to the sidewalk and parking lot. The motorcycle store earlier this year received a $100,000 METCO loan to help purchase the property.
· Victory of Louisville, which sells Polaris motorcycles and motor scooters. The company is located in Shepherdsville but is moving to 5816 Preston Highway. The company received a $35,000 low-interest loan to help them purchase property in Louisville. Victory’s owners are Phillip and Pamela Sanders.
· America’s Finest Filter Inc., which supplies filtration products to hospitals, schools, offices and other businesses. The company, founded by Michael White in 2000, will purchase property at 3000 Magazine St. for its headquarters The front of the building will be renovated and the rear demolished and a new structure built in its place. The company received a $100,000 low-interest loan.
For more information, and to learn if your business qualifies or a small-business loan, visit www.louisvilleky.gov/economicdevelopment