Economic Growth and Innovation Newsroom
Neighborhood Businesses Awarded Small Business Loans
Thursday September 24, 2009
Three businesses, including a hardware store in Old Louisville and dentist in Hurstbourne, have been awarded small-business loans this month by Louisville Metro Government.
The loans, totaling $49,505, were awarded by the Metropolitan Business Development Corp.
“Small businesses are the backbone of our city economy,” Mayor Jerry Abramson said. “The loans will help create new jobs – and bring new services to the city’s neighborhoods.”
The loans were to:
- Colonnade Café, $40,000 forgivable loan, to open on the first floor of the Starks Building downtown. Owners Chester and Kenneth Krill plan to re-open the popular restaurant, formerly housed in the Louisville Antique Mall, which recently closed.
- Oak Street Hardware, $9,505 low-interest loan, to add two handicapped accessible bathrooms. The store, at 617 W. Oak St, is owned by Lee Jones.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.