SALT LAKE CITY — The city has announced an investment partnership between the city's Revolving Loan Fund and Este Pizzeria.
Este used the financing to open a new location at 2148 S. 900 East. Este also maintains a location at 156 E. 200 South in Salt Lake City. Bill Smithers, who co-owns the restaurant with Brooke Yardley, said the financing from the city was a boon to his business plans.
“I have had a great experience with Salt Lake City's Revolving Loan Fund," said Smithers, who also owns Sugarhouse Barbeque Company next door to the new Este location. "Without (the fund), I would not have been able to move two restaurants literally next door to one another in a better locale for both.
"I have been able to increase business, hire more employees and gain greater exposure in the Sugar House neighborhood. Everyone at the loan fund was incredibly professional and easy to work with."
The Revolving Loan Fund makes loans available to community businesses in the city to encourage economic development.