‹ Back To Loans

Scott Street, LLC dba S2F Performance Lab

ID: ED20181201
Inner City Economic Development Loan
County Comission District: 07 | City Council District: 05, 09

Summary

S2F Performance Lab is owned and operated by Mr. Brent Barrett and Mr. Robert Fromin. The organization’s goal is to provide a comprehensive training resource center and work with athletes, adventurers on specific skill acquisition, performance improvement, and general physical preparation. Located in The Heights neighborhood on Scott Street, the business currently boasts 70 members but expects to surpass 200 members within the next year. S2F Performance Lab applied for assistance to help restore the 9,380 square foot building, update the building’s façade, install two roll up doors at the former loading dock, and update exterior lighting. The project is supported by The Heights CDC (www.heightscdc.org). Total project costs are estimated to be $123,585 and costs qualified for the ICED program are $78,585.

Loan Term:

3

Interest Rate:

Not applicable

Projected New Jobs:

4

Projected Retained Jobs:

2

Average Payroll:

Not applicable

Loan Amount:

$22,000

Loan Use:

exterior improvements lighting parking

Total Projected Capital Investment:

$123,585
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

12/5/2018

Closing

Not approved

Scott Street, LLC dba S2F Performance Lab

678 Scott, Memphis, TN 38112