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.
· $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 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.