Economic Development Newsroom
Middletown, Riverport Businesses Awarded Loans
Thursday December 20, 2007
Seven local businesses, including an ink and toner store on Dixie Highway and a restaurant on Shelbyville Road, have been awarded small-business loans to expand or improve their companies.
The low-interest loans, totaling $411,216, were approved last week 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:
- CBA Partnership/ A&A Mechanical Services, 7200 Distribution Drive. A $37,613 loan will allow Herman and Lori Rhodes to add new awnings, doors, fencing and landscaping to their commercial property in the Riverport industrial complex. The building is being leased to A&A Mechanical, which sells and services commercial HVAC systems. Rhodes and William T. Allen are partners in A&A, which is also receiving a $100,000 loan. The company estimates that its expansion will create 15 new jobs.
- Comfort Inn, 4444 Dixie Highway. A $100,000 loan will help owners Chhaganial and Nirmala Naik to build a Comfort Inn on a site formerly occupied by the Royal Inn, which was demolished in 2006.
- Scott and Danny Cundiff, 2016-2024 Preston Street. A $32,580 façade loan will allow the Cundiffs to paint their building and replace windows and doors, among other things.
- SLS Management, 651 S. Fourth Street. A $25,500 loan will allow owners George Stinson and Eddie Lewis to restore the marquee on the Kentucky Theatre building, which they are renovating into a retail center that includes a bagel shop and a florist.
- Beech Properties LLC, 1366 Beech Street. A $29,323 façade loan will allow Janice Purcell and Joy Basu to improve their property by adding new gutters, awnings, fencing, among other things.
- Ink and Toner USA, 4769 Dixie Highway. A $36,200 façade loan will help owners Jane and Bob Bloom with start-up costs for their business that sells and services ink and toner cartridges for printers.
- Mazzoni Oysters East, 12003 Shelbyville Road. A $50,000 loan will help owner Greg Haner move his restaurant from 2804 Taylorsville Road to Middletown. The restaurant was originally opened in 1884 by Phillip Mazzoni.
For more information about business loans provided by Metro Government, see www.louisvilleky.gov/economicdevelopment.