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Scott Street, LLC dba S2F Performance Lab
ID: ED20181201
Inner City Economic Development Loan
County Comission District: 07 | City Council District: 05, 09
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
3/5/2019
Scott Street, LLC dba S2F Performance Lab
678 Scott, Memphis, TN 38112- Project Files
- Term Sheet
- Application
- Resolution