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April House Premier

ID: ED 20160902
Inner City Economic Development Loan
County Comission District: 11 | City Council District: 3

Summary

April House Premier and related companies is owned and operated by Ms. Paulette Sanford, a professional caterer since 1996. April House Premier applied for assistance to help with façade work, HVAC improvements, and landscaping along with plumbing and electrical upgrades to the 3,400 SF building located in Southeast Memphis*.

Ms. Sanford is dedicated to providing healthy food that is convenient. She operates Top Tier Catering, The Southern Deli and a hotel/restaurant cook apprenticeship program. The apprenticeship program has three enrollees through a partnership with the Workforce Investment Network. The loan will help Ms. Sanford retain four jobs and hire four additional staff for catered events.

Previously, Ms. Sanford was approved for ICED loan funding through the EDGE Finance Committee. However, because of a traffic accident, the project was placed on hold for several months. Due to the down time, she was forced to change locations and the previous EDGE approval was terminated.

Loan Term:

3 years

Interest Rate:

0%

Projected New Jobs:

4

Projected Retained Jobs:

4

Average Payroll:

Not applicable

Loan Amount:

$8,255

Loan Use:

Building Improvements

Total Projected Capital Investment:

$12,382
Real Property:
Not applicable

Acquisition:
Not applicable

Construction:
Not applicable

Renovation:
Not applicable

Machinery & Equipment:
Not applicable

Furniture, Fixtures, Office:
Not applicable

Equipment:
Not applicable

Fees & Soft Costs:
Not applicable

Permanent Working Capital:
Not applicable

Miscellaneous:
Not applicable

Approved

9/7/2016

Closing

Not approved

April House Premier

5650 Mt. Moriah, Memphis, TN 38115