Business Management

Two central Ky. businessmen sue over $2.5 million loan for marina.
Two central Kentucky businessmen are suing the majority owner of a marina on Lake Cumberland, saying he owes them $2.5 million used to start up the business.

Jack Kain of Midway, a Versailles car dealer and former chairman of the National Automobile Dealers Association, and Denny Nunnelley of Versailles, a former state senator and former Woodford County judge-executive, filed suit against John Guzman of Simpsonville.

Kain and Nunnelley, who have several joint business interests, said in the suit filed in Woodford Circuit Court that they advanced Guzman $2.5 million to help capitalize a company called St. Thomas Glen Resorts LLC. That company does business as Grider Hill Dock and Indian Creek Lodge on Lake Cumberland near Albany in Clinton County. Guzman has been majority owner of the marina and lodge for more than a year, after buying them from the Sloan family.