Economic Development Newsroom
Small Business Loans to Help Renovate Buildings
Wednesday November 18, 2009
A new restaurant in Butchertown and a building renovation project on East Market street are companies awarded small-business loans recently by Louisville Metro Government.
The board of the Louisville Metropolitan Business Development Corporation approved the loans that include:
· $60,000 low-interest loan to The Blind Pig, a new Butchertown restaurant being opened by Joseph Frase, a former owner of El Mundo on Frankfort Avenue.
· $100,000 to Louisville Lighting & City Sales, which will assume some of the business of the former Reuff Lighting at 639 Hancock St. The owners are Paul Lawson, Kathryn Hartzell and Diane Gibson.
· $50,000 low-interest façade loan to Michael and Laura Schnell, who are improving their building at 900 E. Market Street, in the arts and gallery district. The money will help paint the property, tuck point brick and install a new store front, among other things.
· $55,512 low-interest façade loan to Matrix Management, owner of a commercial building that includes a dentist office at 7907 Stonydale Lane. Matrix is owned by Dr. Walter Distler.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm