The Holiday Gift Auction is Live! Click here and bid now on great local gifts!

Plum Garden Restaurant expands

McHENRY – Plum Garden is expanding, a move that will double the McHenry restaurant's capacity and the number of employees.

The McHenry City Council unanimously approved Monday evening a loan of $33,605 through its revolving loan fund, which was set up to encourage economic development and job creation.

The loan is "excellent way to use the revolving loan fund," said Alderman Victor Santi, pointing to the business's longevity and its role as an anchor on Main Street.

Perry Moy, the owner of the restaurant at 3917 W. Main St., had originally requested $30,000 to purchase equipment and $5,000 for working capital.

However, First National Bank of McHenry, which is underwriting the loan, recommended a higher amount to purchase equipment, furniture and fixtures but eliminated the amount for working capital, according to council documents.

The conditions of the loan are to be identical to the ones previously approved for Buddyz, Epic Cycle and most recently, Hidden Pearl Cafe. Moy would be responsible for repaying the five-year loan plus interest equal to the prime rate, which is currently 3.25 percent.

Moy is expanding his business into the neighboring lot, formerly McHenry Printing, the documents said.

Construction costs were estimated at $78,000.

The approval leaves about $18,000 available for lending in the fund, which was established in the late 1980s through a state grant.

Plum Garden was opened in 1965 with carryout only by Moy's mother, Connie Moy, and expanded in 1970 to include seating, according to the business's loan application.

Perry Moy took over the business in 1972.

Loading more

Digital Access

Digital Access
Access from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.