Economic Development Newsroom


Four Businesses Receive Approval of METCO Loans

Friday June 27, 2014

Four businesses were approved for a total of six loans in the amount of $695,000 by the Louisville Metropolitan Business Development Corporation. These loans will leverage a total investment of $28.6 million to assist four businesses in the food and beverage sectors, make energy efficient, façade and accessibility improvements, and create jobs.

-          $225,000 Go Green loan AND $75,000 façade loan to JTJ, LLC, for its property located at 900-946 Goss Avenue, the former Goss Avenue Antique Mall. The loans will allow owner Underhill and Associates to renovate this large vacant building, by increasing energy efficiency in the building by replacing HVAC systems and replacing windows. This is a $26 million mixed-use project.

 

-          $150,000 Portland Neighborhood Revitalization loan AND $150,000 Agribusiness loan to Kentucky Peerless Distilling Co, LLC, for its property located at 120 N. 10th Street. The loans will allow owners Roy and Jamia Taylor to start the company, and obtain their grains from Kentucky farmers as well as hire employees from the Portland area. This project will create 15 full time positions.

 

-          $20,000 business loan to For Goodness Crepes, LLC, for its property located at 1250 Bardstown Road. The loan will allow owners Abby Peak and Carrie Ramsey to start a new fast casual restaurant offering build-your-own crepes. The project will create six part-time jobs.

 

-          $75,000 business loan RIHOB, Inc., dba Feast BBQ, to help open a second location of this popular eatery, at 909 E. Market Street. The loan will allow owners Ryan Rogers, Ben Butler and David Levine to renovate the space. This project will create 10 part time and 3 full time positions.


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

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