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Trap Fusion

ID: ED20190301
Inner City Economic Development Loan
County Comission District: 09 | City Council District: 03 08

Summary

Jason Gardner dba Trap Fusion LLC was awarded a $14,500 Inner City Economic Development (ICED) Loan to help complete buildout of interior renovations and improve the visibility and appearance of the exterior at 4637 Boeingshire. Total project costs eligible for the ICED program are estimated to be $21,750.

Trap Fusion is to be a new take on southern cuisine. Traditional southern dishes will be prepared with healthy, alternative ingredients. The target customer is the health-conscious diner looking for savory food in a friendly atmosphere.

The loan will help Mr. Gardner restore the 1,806 square foot space constructed in 1967 by remodeling the kitchen and bathroom, updating plumbing and electrical, reconditioning the vent-a-hood, resurfacing countertops, painting, and installing exterior signage. This project is supported by The Greater Whitehaven Economic Redevelopment Corporation.

Loan Term:

3

Interest Rate:

Not applicable

Projected New Jobs:

6

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$14,500

Loan Use:

interior renovations and facade appearance

Total Projected Capital Investment:

$21,750
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

3/6/2019

Closing

Not approved

Trap Fusion

4637 Boeingshire , Memphis, TN 38116