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updated: 8/10/2012 3:42 PM

Limestone Coffee seeks loan for new place in Batavia

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Limestone Coffee and Tea cafe may be resurrected in Batavia.

The business, which lost its lease and closed the cafe in November 2011, is considering reopening at 8 E. Wilson St.

The owner, Lafiet Inc., is asking the city for a microloan of $15,000. The proposed terms are a three-year repayment, at 3.25 percent interest. The money would be used for remodeling the space or adding equipment.

Limestone used to be located about a block away, at 15 E. Wilson.

Lafiet had asked for $25,000 at 2 percent. The city's business loan review committee recommended the $15,000.

Equipment Lafiet already owns, left over from the previous location, would be collateral for the loan, according to the loan agreement.

The business has sold coffee at Water Street Studios, and maintained a website and done catering work.

The city council's government services committee will consider the matter at 7:30 p.m. Monday at the Batavia Government Center, 100 N. Island Ave.

The microloan would come from the city's revolving loan fund, which was started with state money.

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