Economic Development Newsroom
Four Businesses Awarded City Loans
Thursday April 23, 2009
Four Louisville business, including a funeral home, a hardware store and a tourism company, have been awarded low-interest loans from Louisville Metro Government.
The loans, totaling $314,645, were approved today by the Louisville Metropolitan Business Development Corporation.
“The loans will help local businesses expand and create new jobs,” Mayor Jerry Abramson said.
The loans were:
· $150,000 low-interest loan to AD Porter and Sons Funeral Home. The money will help owner Woodford Porter Jr. and his family open a second location at 4501 Bardstown Road, in the Buechel area. AD Porter and Sons has been in business since 1907.
· $50,000 to Mint Julep Tours. Owners Lisa and Sean Higgins are expanding their business, located inside the Galt House Hotel. Mint Julep gives personalized tours of bourbon distillers, horse farms and Louisville landmarks.
· $75,000 to Stephen and Brandon Priest, who are looking to purchase the Reeves Insurance Co. at 3616 Dixie Highway in Shively. Reeves has been in business since 1983.
· $39,645 to Lee Jones, owner of Oak Street Hardware at 617 W. Oak St. in Old Louisville. Jones will use the money to improve the façade of his building, including new windows, tuck pointing and new paint.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm