Local Sports Bar Relocates After Flooding with Help From MetroAction
After the September 2011 flooding, local bar and restaurant, The River Street Alehouse, was left to ruins. The River Street Alehouse, owned business operated by Michael and Andy Partash, was originally located in Port Blanchard, but the flood of 2011 completely destroyed the business and forced the business to relocate.
After finding a new location for the sports bar, the brothers needed capital to complete the renovation. Andy and Michael turned to MetroAction for a $100,000 loan through the Luzerne County Flood Recovery Loan Program to relocate the business to Pittston.
The Luzerne County Flood Recovery Loan Program is a $4 million loan fund that offers loans up to $100,000 at a 1% interest rate to any Luzerne County business affected by the September 2011 flooding. The funding can be used to refinance any debt incurred as a result of the flooding, purchase equipment, make renovations, purchase inventory, cleanup flood damage and for working capital. There are no application or closing costs associated with this program.
“After Hurricane Irene took our restaurant, we didn’t know what to do. We thought this might be the end of our business, but with the help and support of MetroAction, we were able to relocate and renovate our new building, and serve our customers once again,” said Andy Partash.