‹ Back To Loans
The Vineyard, LLC
ID: 20210401
Inner City Economic Development Loan
County Comission District: | City Council District:
Inner City Economic Development Loan
County Comission District: | City Council District:
Summary
EDGE awarded Mrs. Price a $12,000 Inner City Economic Development Loan to allow her to make interior improvements to her commercial space located at 4715 Elvis Presley. Improvements will be a commercial vent-a-hood and backsplash, installation of a platform stage, and a custom bar and countertop.Renovations include the demolition of non-structural interior partitions, the construction and equipping of a catering kitchen with a commercial vent-a-hood and new interior finishes.
Mrs. Price has lived in Memphis for more than twenty years. She has a background in Project Management at International Paper, and also operates with her husband, an event planning business, Priceless Entertainment. For the past decade she and her husband Greg have planned and coordinated events such as wedding receptions, birthday parties and high school alumni reunions and annual celebrations.
The Vineyard, LLC is a banquet hall conveniently located in the Whitehaven area. Their goal is to provide affordable facilities that can be used for anything from birthday celebrations to corporate events. They also plan to provide a suite of services in club event planning, decorating, charitable activities and advertising.
Loan Term:
3
Interest Rate:
Not applicable
Projected New Jobs:
2
Projected Retained Jobs:
Not applicable
Average Payroll:
Not applicable
Loan Amount:
$12,000
Loan Use:
Improvements
Total Projected Capital Investment:
$24,274
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
4/7/2021
Closing
Not applicable