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Muhsen Najdawi dba Turbo Knights

ID: ED20201201
Inner City Economic Development Loan
County Comission District: 9 | City Council District: 3, 8

Summary

EDGE awarded Najdawi a $12,000 Inner City Economic Development Loan to allow him to improve the exterior appearance, add additional roll up doors and complete interior renovations on 3301 Winbrook Road in Whitehaven.


A lifelong dream and a passion for cars are helping to expand one Whitehaven auto shop.

Muhsen Najdawi has more than 20 years of experience as a mechanic. Originally from Jordan, Najdawi spent much of his professional life working in Dubai, Germany and Africa before moving to Memphis.

Najdawi says that cars have always been his passion and for as long as he can remember, he has wanted to own his own performance shop.

That dream came true when Turbo Knights originally opened in 2017. Turbo Knights is high performance auto and fabrication shop. It offers anything from an oil change to a custom intake or turbo manifold rebuild. But the business’s specialty is restoring older and antique cars.

When he first opened, Najdawi actually rented space from former ICED recipient, ORCA Printing on September Avenue. The business eventually outgrew that space and Najdawi was able to purchase the foreclosed building at 3301 Winbrook.

EDGE awarded Najdawi a $12,000 Inner City Economic Development Loan to allow him to improve the exterior appearance, add additional roll up doors and complete interior renovations on that space, helping to reduce blight in the neighborhood.

Loan Term:

3 Years

Interest Rate:

0%

Projected New Jobs:

2

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$12,000

Loan Use:

Not applicable

Total Projected Capital Investment:

$72,700
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

12/2/2020

Closing

Not applicable

Muhsen Najdawi dba Turbo Knights

3301 Winbrook Road, Memphis, TN 38116