Thursday February 28, 2013
Seven loans in the amount of $482,065 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage a total investment of $2.9 million to assist eight businesses in food manufacturing expansion, façade improvement, and business start-ups.
- $40,000 loan to Caffe Roma, LLC, located at 400 E. Main Street. The loan will allow owner Claudia Mudd to open a second location of Caffe Classico, which will be located across the street from Slugger Field. The project will create 6 full-time and 4 part-time positions.
- $100,000 façade loan to Four G, LLC, located at 1101 E. Washington Street. The loan will allow owners Joe Brown, David Taylor, Keith Blaydes and Todd Roman to renovate an industrial building, with repairs to masonry, wash and paint the façade, new storefront and adding accessibility features. This building will be converted into a night club, and will create 15 full-time and 20 part-time jobs.
- $100,000 loan to Shelbyville Road Roosters, LLC, located at 10432 Shelbyville Road. The loan will allow the owners to open their fifth location, part of their 2007 franchise agreement, after having opened four successful stores in the Kentucky region. This project will create 61 full-time and 20 part-time positions.
- $47,000 gap-financing loan to Wiltshire Pantry, Inc. and $45,000 façade loan to SJH Realty, LLC, located at 1310 E. Breckinridge Street. The gap-financing loan will allow owner Susan Hershberg to expand her business to include French pastries and artisan breads, and the façade loan will allow her to renovate the building, including a new storefront, new windows and awnings, and upgrade lighting and accessibility features. This project will create four full-time and two part-time jobs.
- $120,065 KEOZ loan to Our Father’s House, Inc., located at 2310 and 2316 W. Jefferson Street. This loan will allow owners to renovate two buildings, making improvements to the interior and exterior. The Kentucky Economic Opportunity Zone loan is for use in a defined older industrial area, which can go toward redevelopment of any kind.
- $30,000 micro loan to Block Party Handmade Boutique, located 560 S. Fourth Street. This loan will allow owner, Mary Levinsky, to open a new retail store on South Fourth Street that is being targeted by Louisville Downtown Development Corporation as a new retail hub.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.