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Memphis Area Youth Association

ID: ED20180801
Inner City Economic Development Loan
County Comission District: 06 | City Council District: 03, 08

Summary

Memphis Area Youth Association (MAYA) is owned and operated by Ms. Regina Tappan. The organization offers cheerleading and dance instruction along with athletics programs. Students are provided with academic and social mentoring programs, as well. Currently, more than 100 children participate in four dance teams, two cheer teams, and a basketball program.

MAYA applied for assistance to help remodel the 6,800 square foot practice facility built in 1984. In addition to roof replacement and ceiling repair, the project will address façade improvements and exterior lighting installation.

Supported by the Greater Whitehaven Economic Redevelopment Corporation, total qualified projects costs are estimated to be $37,700. MAYA was approved for an EDGE ICED Loan not to exceed $20,000.

Loan Term:

3

Interest Rate:

Not applicable

Projected New Jobs:

4

Projected Retained Jobs:

5

Average Payroll:

Not applicable

Loan Amount:

$20,000

Loan Use:

roof replacement ceiling repair facade improvements exterior lighting

Total Projected Capital Investment:

$32,743
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

8/1/2018

Closing

Not approved

Memphis Area Youth Association

5395 Elvis Presley Boulevard, Memphis, TN 38116