Six more “microbusiness” loans announced to local small
Photo from Louisville Metro Resilience and Community Services’ Facebook page
LOUISVILLE, Ky. (July 12, 2017) – Mayor Fischer today celebrated the grand opening of Angie’s Home Cooking Family Restaurant with community members and other civic leaders.
Located at 2622 W. Broadway in Lyles Mall, Angie’s Restaurant provides a 90–seat eatery in west Louisville serving home-cooked, southern-style meals. Owner Angela Bishop was the recipient of a $20,000 microbusiness loan which is part of the city’s Russell Neighborhood Revitalization Strategy Area (NRSA), allocated for businesses either owned by Russell residents or located in or near Russell. She plans to use the loan to purchase equipment, furniture, signage and food supplies.
“Small businesses are the backbone of our local economy and these microbusiness loans are life-changing for the business owners who receive them,” Mayor Fischer said. “We’re experiencing unprecedented levels of investment in west Louisville and we’re glad to see more businesses like Angie’s Restaurant be available to serve the residents and employees in this area.”
Bishop said: “I’ve had it in my heart a long time to open a restaurant that would be a gathering space for families to enjoy good food and good conversation. I invested my life savings into making this dream come true, and I’m especially grateful for the support I’ve received from Louisville Metro Government.”
Mayor Fischer also announced two other Russell NRSA loans totaling $30,000 for the following businesses:
- $20,000 to Sylvia Arnett dba Syl’s Lounge to assist the owner with replacing outdated equipment and furniture. Located at 2403 W. Broadway, Syl’s Lounge has been a landmark in the community for over 27 years as a place to connect with old friends and hold special events.
- $10,000 to Michael R. Hicks dba Hinds-Limestone County Consulting to assist owner with new purchases of technology equipment and supplies.
Fischer also announced four other loan recipients of the Microbusiness Program at large across Jefferson County which includes:
- $15,000 to Robert Jamison, Elite Management Enterprise Inc., to provide consulting services to small and medium sized businesses.
- $15,000 to Fayne Carter, Oil Change express, LLC to assist owner with help purchasing duel dispensing equipment.
- $10,000 to Kalebe Nash, Benny Booms dba Old Louisville Towing, to assist owner to obtain a flatbed trailer.
- $7,000 to Derrick Reed, Tip Top Mobile Detail, provide customized detailing car services for individual and businesses.
The Microbusiness Program is operated through the Louisville Metro Office of Resilience and Community Services. The program was created because securing traditional loans can be difficult for many low- to moderate-income entrepreneurs.Microenterprises are businesses that employee five or fewer individuals, including the owner.
The no-to low-interest revolving loans are funded by federal dollars from a Community Development Block Grant by the U.S. Department of Housing and Urban Development.
For more information about Resilience and Community Services’ microbusiness trainings and loan opportunities, visit https://louisvilleky.