Killer Mike and T.I. will be receiving a major investment to support their restaurant venture.

According to a news release, Greenwood — a bank prioritizing the Black and Latinx community —  and Georgia Banking Co. (GBC) have announced a $1.2 million loan that will go towards Bankhead Seafood Restaurant.

As AFROTECH previously told you, T.I. and Killer Mike are reopening the historic Atlanta, GA, restaurant after it closed its doors in 2018. They now own the business, name, and trademark, and will be bringing back its classic menu items.

“Today’s investment serves as a profound testament to the broader vision we’ve cultivated at Bankhead Seafood,” T.I. said in the news release. “It’s exciting to join forces with leaders like Greenwood — whose commitment to uplifting the community echoes our same ethos. This is an exciting moment in our community’s work to foster a legacy of mutual prosperity and support.”

Ryan Glover, chairman and CEO of Greenwood, shared in a statement:

“We’re proud to support Bankhead Seafood, a business that aligns perfectly with our mission at Greenwood. I have known each T.I. and Killer Mike for over 25 years and have been proud and a supporter of their professional growth and commitment to improving the community. This partnership is simply the beginning of the support Greenwood will extend to innovative Black-owned businesses for years to come.”

In light of the $1.2 million boost, the funds will help support the expansion of Bankhead Seafood Restaurant in Atlanta and provide job opportunities to locals.

What’s more, the restaurant is projected to open in the second quarter of 2024.

“This is a transformational milestone for our business, and the broader Southwest Atlanta community,” Killer Mike said in the release. “I extend my deepest appreciation to Greenwood and GBC, whose partnership today provided us with the resources we need to kickstart Bankhead’s future, and re-build a community gem. Ryan Glover and Paul Judge continue to exemplify the important role that Black entrepreneurial collaboration has in our economic empowerment and unity.”