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Orca Printing

ID: ED 20170602
Inner City Economic Development Loan
County Comission District: 09 | City Council District: 03

Summary

Christopher Brunner, dba Orca Printing, was approved for a $19,000 Inner City Economic Development (ICED) Loan to help improve the exterior appearance, construct a showroom with restrooms and install an HVAC system at 1808 September Avenue. Total qualified project costs are estimated to be $28,500.

Orca Printing plans to specialize in large-format commercial printing and signage. The company will produce storefront signage, point-of-purchase displays and vehicle wraps. Orca Printing will outsource other services to local print shops in order to provide a complete customer experience.

The loan will help Mr. Brunner retrofit a 5,400 SF building constructed in 1982, build sales by improving the on-site customer experience, and employ four people. This project is supported by the surrounding businesses and Agape International Healing Ministries.

A graduate of the SBA Emerging Leaders program, Mr. Brunner has spent the past seven years working at the Memphis printing company his grandfather started in 1932.

Loan Term:

3

Interest Rate:

0%

Projected New Jobs:

3

Projected Retained Jobs:

1

Average Payroll:

Not applicable

Loan Amount:

$19,000

Loan Use:

Not applicable

Total Projected Capital Investment:

$28,500
Real Property:
Not applicable

Acquisition:
Not applicable

Construction:
$9,500

Renovation:
$19,000

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

Approved

6/7/2017

Closing

Not approved

Orca Printing

1808 Septmeber Avenue, Memphis, TN 38116