Economic Growth and Innovation Newsroom
METCO Awards Loans to Three Local Businesses
Monday March 29, 2010
Three new businesses, including a restaurant/bar opening adjacent to the downtown arena, have received small-business loans this month from Louisville Metro Government.
The low-interest loans, totaling $155,900, will create new jobs and help expand the city’s economy, Mayor Jerry Abramson said.
The loans, approved by the Louisville Metropolitan Business Development Corporation, are:
· $100,000 loan to The Distillery, a restaurant/bar opening in Whisky Row Lofts adjacent to the arena. The entrance will be at the corner of Second and Washington streets and the owners are Jason Brauner and John Morrison, who own Bourbon Bistro on Frankfort Ave.
· $30,000 loan to Indo-US Sub Station, a start-up restaurant owned by Suresh Patel that will serve Indian and American food, including breakfast. The restaurant will be located downtown, at 519 S. Third St.
· $25,900 loan to Joyce and Gordon Garner, who are renovating a property at 1013 Bardstown Road to lease as an art studio and apartment.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm