For businesses with five or fewer employees
LOUISVILLE, Ky. (June 20, 2016) — Thirteen local businesses will receive loans from a Louisville Metro Government program for local “micro enterprises.” Microenterprises are businesses that employ five or fewer individuals, including the owner.
The recipients, all low- to moderate-income entrepreneurs, include a video production group, an event rental space, a fashion business, a tax service, two childcare facilities and four catering businesses.
Mayor Greg Fischer announced the awards during the ribbon-cutting of J.J. Family Auto Sales’ expanded shop off Dixie Highway. J.J. Family Auto Sales’ expansion was made possible by a $15,000 microenterprise loan in June 2015.
“We know that every one dollar in program costs generates five dollars in benefits for our microbusiness owners. And that helps our families, our neighborhoods, and our whole city,” Fischer said. “These results prove that our investment in this program, and other programs like this truly make significant, even, life-changing impacts in the lives of those we serve.”
The new awards totaling $128,000 are revolving loans administered by the city’s Microbusiness Development Program to help small businesses start, sustain or grow in Jefferson County. Louisville Metro Community Services created the Microbusiness Program after realizing that starting a new business and securing traditional business financing for many low- to moderate-income entrepreneurs can be difficult.
The loans, funded by federal dollars from a Community Development Block Grant by the U.S. Department of Housing and Urban Development, are:
- $15,000 loan to Manhattan on Broadway, 716 East Broadway. The loan will allow the owner, Nachand Trabue, to purchase more inventory, sound and video equipment. This project will add two full-time positions.
- $15,000 loan to George Addison dba BeeNetworks Media Group, who specializes in marketing and media video productions. This will allow the owner to purchase supplies and inventory.
- $15,000 loan to Romanique Beauty Salon, 5201 Dixie Highway. The loan will allow the owner, Janisha Ditto, to purchase production equipment, signage and marketing materials.
- $15,000 loan to Future Pioneer Learning Center, 7731 St. Andrews Church Road. This will allow the owner, Roshunder Gordon, to purchase childcare equipment, insurance and signage for expanded facility. This project will add four part-time positions.
- $15,000 loan to Doaty Distribution, LLC to purchase box trucks. The loan will help the owner, James Doaty, expand routes to five other locations for deliveries of snacks.
- $15,000 loan to Wright Amount located in Chef Space, 1800 West Muhammad Ali Blvd. This will allow the owner, Tracy Wright, to purchase inventory, rental space and food trailer.
- $8,000 loan to All is Fair in Love and Fashion to purchase inventory and equipment. The loan will help the owner, RaeShanda Johnson, expand production services.
- $5,000 loan to Extreme Appetite, LLC. This will allow the owner, Damira Trabue, to provide mobile food catering services.
- $5,000 loan to The Black Italian, a food catering service. This loan will allow the owners, Paula and Anthony Hunter, to purchase inventory, space and a vehicle and support transportation for customers.
- $5,000 loan to Jace’s Childcare, 4107 Cane Run Road. This loan will assist owner Keishonda Clark in purchasing some new equipment, and rental assistance.
- $5,000 loan to Queens Crown Lunchbox and Catering. The loan will allow the owner, Katrina Dawson, to purchase a stove and inventory to operate business.
- $5,000 loan to Garry Sloan dba G.T. Transportation, LLC. The loan will help purchase office furniture, printing equipment and supplies.
- $5,000 loan to Rebecca Jones dba Genesis Tax Service, a start-up tax service. The loan will allow the owner to purchase tax software and equipment.