Economic Development Newsroom
Three Businesses Awarded Low Interest Loans
Tuesday May 6, 2008
Three local businesses, including a Highlands restaurant, have been awarded small-business loans from Louisville Metro Government.
The low-interest loans, totaling $105,000, were approved by the Metropolitan Business Development Corp.
“These small businesses are the backbone of our local economy,” Mayor Jerry Abramson said. “These loans help business to expand and therefore help grow jobs in our city.”
The approved loans were:
- Persian Bistro, 1416 Bardstown Road. A $40,000 loan will help restaurant owner Amiz Ghazipour open a Persian restaurant serving grilled skewered meats and vegetables.
- Black Widow Customs, 5763 Preston Highway. A $50,000 loan will help owners Lisa and Lee Varon open a business selling tires, rims, window tinting and other auto parts.
- Kentucky Theatre shops, 651 S. 4th St. A $15,000 loan will help owners George Stinson and Eddie Lewis install an elevator in their building, which houses a florist, a bagel shop and wine store, among other things. The elevator will make the property accessible to the disabled.
For more information, see www.louisvilleky.gov/economicdevelopment