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Kaye's Pints & Scoops
ID: ED20210701
Inner City Economic Development Loan
County Comission District: | City Council District:
Inner City Economic Development Loan
County Comission District: | City Council District:
Summary
Kiamesha Wilson dba Kaye’s Pints & Scoops (KPS) was awarded a $15,000 Inner City Economic Development (ICED) Loan to help with both exterior and interior improvements at 2089 Winchester Road. Project costs are estimated to be $100,000.Mrs. Wilson brings more than 15 years of marketing and strategic planning experience to KPS and has completed training at Scoops School, a frozen dessert education and training facility located in St Louis, Missouri. She is also a member of the National Ice Cream Retailers Association.
KPS will be a micro creamery offering small-batch hand-crafted premium ice cream. KPS will make and distribute its own natural premium ice cream to customers that value healthy and quality deserts. Consumers will be able to purchase products via online ordering for delivery or pick-up. Mrs. Wilson plans to serve, local retailers, area restaurants, and specialty shop while also offering one-on-one courses and collaborative events with other local businesses.
The ICED loan will help Mrs. Wilson make improvements to the 1,449 square foot space constructed in 1960. Exterior improvements include replacing rotten wood, installing a service door, and removing front overhang. Interior improvements include installation of a service ramp, commercial doors, flooring, new electrical panels, and plumbing.
This project is supported by The Greater Whitehaven Economic Redevelopment Corporation.
Loan Term:
3 years
Interest Rate:
Not applicable
Projected New Jobs:
3
Projected Retained Jobs:
1
Average Payroll:
Not applicable
Loan Amount:
$15,000
Loan Use:
Not applicable
Total Projected Capital Investment:
$100,000
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
7/7/2021
Closing
Not applicable
Kaye's Pints & Scoops
2089 Winchester Road, Memphis, TN 38116- Term Sheet
- Application
- Resolution