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Metalworks

ID: ED 20141101
Inner City Economic Development Loan
County Comission District: | City Council District:

Summary

Susan Ann Millwood, dba Metalworks, is seeking a $25,000 Inner City Economic Development (ICED) Loan to help with facade and building improvements at 2537 Broad Avenue.

The ICED loan would complete a combined $37,500 investment into the Broad Avenue building.

The loan will allow Metalworks to make facade and building improvements to the 6,250-square-foot building, as well as create a larger space for Chase The Vape, a retail storefront.

Metalworks specializes in the creation of metal art commissioned pieces.

Loan Term:

3 years

Interest Rate:

0%

Projected New Jobs:

Not applicable

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$25,000

Loan Use:

Facade Improvement

Total Projected Capital Investment:

$37,500
Real Property:
$12,500

Acquisition:
Not applicable

Construction:
Not applicable

Renovation:
$25,000

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