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The Vineyard, LLC

ID: 20210401
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