City of Louisville makes loans to five small businesses [The Arena]

Print

Louisville’s Metropolitan Business Development Corporation (METCO) announced today that five local businesses would be receiving loans from Louisville Metro Government; including loans to expand two existing businesses and loans to open a new furniture store and a restaurant/coffee shop.

Projects include:

· $100,000 loan to Bristol Bar & Grille, LLC. The loan will allow owner Doug Grossman to move the Bristol’s catering operation from 636 East Market to the Mellwood Arts Center, increasing its square footage from five thousand to seven thousand two hundred feet. This move will create two full-time and six part-time positions.

· $40,000 loan to Furniture Assurance Group, LLC located at 7500 Jefferson Boulevard. The loan will allow owner Mike McCord to open a Weekend Furniture Warehouse, a store that offers furniture in the low-to-mid range price points four days a week.

·$100,000 loan to Main Street Coffee and Deli, LLC. The loan will allow owners Laura Schnell and Mary Steinbrecher to open a restaurant and coffee shop at 217 East Main that will sell gourmet coffees, specialty drinks and deli foods.

Main St. Deli.jpg

Main Street Coffee and Deli

· $30,000 loan to Rumbaugh Development. The loan will allow David Rutledge, owner of two Rumball’s Family Sports Bar locations, located at 10000 Highway 22 and 5901 Terry Road, to hiring additional employees and make cosmetic improvements to the dining area.

·$50,000 façade loan to Ice House Lofts, LLC. The loan will allow owners Dave Steinbrecher and Mike Schnell to make improvements to the rear portion of the building that faces East Washington Street and will become an event hall.

------------

METCO is dedicated to the notion that small businesses are the backbone of our Louisville economy.  And when they thrive and expand, they bring needed services and shops to neighborhoods across the city.

The Metropolitan Business Development Corporation (METCO) governs metro government's small business loans, which include facade, retail forgivable and gap financing loans. For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm.

About Thomas McAdam
At various times I have been a student, a soldier, a college Political Science teacher, a political campaign treasurer, and legal adviser to Louisville's Police Department and Board of Aldermen. I now practice law and share my political opinions with anyone who will listen.
More articles from Thomas McAdam
Like us on Facebook!
Subscribe to our RSS Feed!
Follow us on Twitter!
Add us to your circles on Google+!
Follow us on Pinterest!
Follow us on Tumblr!

Search Louisville Events

More Events | Post an Event | Event Map
fri
31
sat
1
sun
2
mon
3
tue
4
wed
5
thu
6

Search Louisville Restaurants

Louisville Independent Business Alliance

 

Copyright © 2014 Louisville.com, All Rights Reserved
137 W. Muhammad Ali Boulevard, Suite 102, Louisville, KY 40202
502-625-0100
Mobile Site