Economic Growth and Innovation Newsroom
New Restaurant Near Arena Receives City Loan
Friday January 29, 2010
Two new businesses, including a restaurant opening adjacent to the downtown arena, have received small-business loans this month from Louisville Metro Government.
The low-interest loans, totaling $150,000, will create new jobs and help expand the city’s economy, Mayor Jerry Abramson said.
The loans, approved this morning by the Louisville Metropolitan Business Development Corporation, are:
· $120,000 to Hog and Barrel Whiskey Saloon, opening in Whiskey Row Lofts at 127 West Main St. The modern barbeque restaurant will feature food, wine, spirits, with a strong emphasis on bourbon and local micro-brewed beers. The restaurant will be owned by Hiep That Ton, Michael Ahn Ton and William B. Davis. The Ton’s currently own Basa on Frankfort Ave. The loan includes a $100,000 low-interest loan and a $20,000 forgivable loan.
· $30,000 façade loan to Lamont and Stacy Breeland, who are renovating a property at 2616 Bardstown Road. The loan will help restore the front of the property to match a new addition.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm