Economic Growth and Innovation Newsroom


METCO Awards Loans to Four Small Businesses

Thursday September 2, 2010

Four local businesses received small-business loans from Louisville Metro Government, including a restaurant near the new arena and an urgent care facility.

The low-interest loans, totaling $430,000, will help several local businesses continue to grow and expand, growing the city’s economy, Mayor Jerry Abramson said.

The loans, approved by the Louisville Metropolitan Business Development Corporation, are:

· $100,000 loan to First Stop Urgent Care Broadway, PSC, a startup medical center at 927 East Broadway. The loan will allow owner Dr. Kamelesh Dave to purchase equipment to develop an urgent care facility at that location. Dr. Dave was also granted a $50,000 façade loan to his company SITA Management, PLLC. The loan will allow him to make façade and interior improvements at 927 East Broadway.

· $108,000 loan to DTB of Louisville, Inc for Bearnos by the Bridge, located at 131 West Main Street, to purchase furniture, fixtures and equipment to upgrade the restaurant. DTB of Louisville, Inc was also granted a $42,000 façade loan to make some exterior improvements and address some accessibility issues for Bearnos by the Bridge.

· $30,000 façade loan to Wallace Property Management, LLC, located at 317 Wallace Avenue, Suite 211. Owner Carol Canter will use the loan to have some of the building painted, windows repaired, new awnings and signage added and to make other minor repairs.

· $100,000 loan to The Vanguard Academy, a preschool located at 9306 Dayflower St. The loan will allow owners Ann and Edwin Revell, Kimberly and Michael Andrews and Nancy and Nick Tsorsis to continue operations during a large expansion project.

For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm