Tommy Malt Shop will be a tenant in the redeveloped SandVenture.  They plan on investing more than $300,000 in interior improvements along with additional capital for seating and equipment.

Tommy's will be receiving a loan that is partially guaranteed by the US Small Business Administration (SBA).  As part of the loan approvals, the bank has asked the city to execute the SBA Lender Agreement, which allows the bank to bring in another operator and use the space should Tommy's fail since they are financing many of the interior improvements.

Kennedy & Graven has reviewed the document and have recommended that the city sign.