ADA Provides Loan to Atlanta Restaurant Owner; Funds Will Help Company Renovate Space for White Oak Kitchen & Cocktails

ATLANTA, GA (Dec. 21, 2011) – Atlanta Development Authority has closed a $125,000 loan to an Atlanta company that will help it open a new restaurant that creates 50 new jobs in the city.

ADA provided the loan to Peachtree Baker, LLC, which will open White Oak Kitchen & Cocktails (top left photo) in the office tower at 270 Peachtree St. in downtownAtlanta.

The restaurant is part of the Brewed to Serve Restaurant Group, Inc., which also owns Max Lager’s Wood-Fired Grill & Brewery about a block away. Brewed to Serve has operated in the city for more than 13 years.

The restaurant’s owners, Cindy (top right photo) and Alan LeBlanc (middle left photo), will use the ADA-sponsored loan to help pay for renovation of the former All-Star Café space, which is expected to cost $1,275,000. White Oak Kitchen & Cocktails will serve Southern cuisine and is expected to open early next year.

"Since establishing Max Lager's Wood-Fired Grill & Brewery over 13 years ago, there has been one organization that has truly supported our business and helped us grow,” Alan LeBlanc said. “That organization has been the Atlanta Development Authority.

“When it came time to expand once again,” LeBlanc continued, “they were ready to assist us with the financing for our second downtown restaurant, White Oak Kitchen & Cocktails, where we look to create another 50 jobs."

The loan is significant because it will allow the LeBlancs to open a restaurant in a space that’s been vacant for several years while bringing new jobs to the city.

“This loan will do precisely what our program intended – help an Atlanta company expand and create new jobs,” said Lonnie Saboor (lower right photo) manager of small business finance at Atlanta Development Authority.

Atlanta Development Authority provides financial and technical assistance to small, minority and female-owned businesses to expand and/or relocate in the city. The loans are made available through the City of Atlanta.

For more information about how ADA can provide loans to small businesses in Atlanta, please visit the Entrepreneurs & Small Business page on the ADA website, http://www.atlantada.com/ or call ADA at 404-880-4100.

 Media Contact:

Tony Wilbert                                           

Wilbert News Strategies

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