Wayne County Employees Retirement System, Detroit, with $1.3 billion in assets, provided a $7.5 million loan to Big Buck Brewery & Steakhouse to help it expand and pay off debt. The company issued and sold the system a 10% convertible secured promissory note due February 2003; an amended, restated and consolidated convertible note due October 2000; and a three-year warrant for the purchase of 200,000 shares of common stock. Both notes are convertible into common stock at $2.42 a share. The warrant is exercisable at $2 a share. The loan is secured by a first-priority lien on all the companys existing and future assets.