The Louisville Metro Government has granted loans to several local businesses that include a new popcorn business, a former firehouse on Frankfort Avenue and a retail storefront on Shelbyville Road.
The loans have been approved by Louisville Metropolitan Business Development Corp.
- $100,000 loan to Preston Farms Popcorn. This is meant to help the owner of Preston buy necessary equipment and property to expand the microwave popcorn business.
- $75,000 façade loan and $10,000 accessibility loan went to Frankfort Avenue Firehouse at 1761 Frankfort Ave. so as to help the organization in its renovation program.
- $50,000 façade loan went to 4232 Shelbyville Road LLC, in-order, to help in improvements of its 16,000-square-foot building that includes making a new storefront, signage and awnings.
Metro government loan is meant to help businesses expand their operations and meet their other needs. This loan has already come to the aid of entrepreneurs and many are yet to receive it for their own development.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to