‹ Back To Loans

Edna Banks-Hawkins, dba Mot & Ed’s Southern Eatery

ID: ED20201104
Inner City Economic Development Loan
County Comission District: | City Council District:

Summary

Mot and Eds is southern and soul food restaurant that has become well known over the years for its inviting atmosphere and special menu items like the stuffed turkey burger. The restaurant, located on Madison Avenue in Midtown Memphis operated for more than eight years before closing when the property was sold to a developer.

Owner, Edna Banks-Hawkins is reopening the popular restaurant at 1030 E. Raines Road in Whitehaven.

EDGE provided her with a $15,000 Inner City Economic Development (ICED) Loan to help improve the exterior appearance, increase outdoor seating capacity and complete interior renovations on the space.

Banks-Hawkins has more than 20 years in the restaurant industry dating back to her family’s business, Boyd BBQ. She is a graduate of the Memphis College of Arts and Hamilton High School. After a stint in corporate America, Mrs. Banks-Hawkins decided to return to her passion and opened the first Mot and Ed’s Southern Eatery.

The restaurant will be open from early-morning breakfast hours through mid-evening for dinner and carry-out service. Mot & Ed’s will offer catering as well as have the ability to host private parties and events. The goal is to become one of the few full-service restaurants in Whitehaven with sit down dining.

This project is supported by The Greater Whitehaven Economic Redevelopment Corporation and Communities Unlimited.

Loan Term:

3 Years

Interest Rate:

0%

Projected New Jobs:

3

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$15,000

Loan Use:

Not applicable

Total Projected Capital Investment:

$58,065
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

11/4/2020

Closing

Not applicable

Edna Banks-Hawkins, dba Mot & Ed’s Southern Eatery

1030 E. Raines Road, Memphis, TN 38116