Economic Growth and Innovation Newsroom


METCO Loans to Four Small Businesses

Thursday February 24, 2011

Four local businesses received loans from Louisville Metro Government, including a new art gallery in Valley Station and improvements to historic buildings on East Market and Payne Streets.

A total of $82,084 in loans was approved by the Louisville Metropolitan Business Development Corporation, leveraging private dollars for a total investment of $273,399.

Projects include:

· $20,000 loan to Little Eatz, LLC, located at 1207 South 6th Street. The loan will allow owners Sean and Melissa Little to expand their company that designs and markets snacks for pets and their owners.

· $15,000 loan to Koch and Company, LLC, for an art gallery located at 10915 Dixie Highway. The loan will allow owner and artist Deborah Koch to open an art gallery which will feature Deborah’s hand painted furniture and will display other local artists’ work. The gallery also will provide custom framing services.

· $22,084 façade loan to Staton Properties, LLC, to improve the façade of 1200 Payne Street. The property is owned by Chris Durning. The loan will enable him to install new windows, awnings, make masonry repairs, tuck point, and repair and replace parts of the storefront, in preparation of attracting retail and other uses.

· $25,000 facade loan to Junk Shop Corner, LLC, for improvements to 748 E. Market Street, which is currently vacant. The loan will allow owner Jeff Rawlins to put in a new storefront new windows, paint and tuck point the façade of this building, to attract new commercial-use tenants.

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