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A Peace of Mind Salon

Summary

A Peace of Mind Salon is a salon located at 1136 Mosby in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The lockdown eliminated the only source of income. There were client disruptions during the salon’s peak season (Prom/Graduation/Spring Holidays). They have sustained an $11,000 net operating loss-Rent, utilities, and vendor payments in arrears.
Stabilization and Recovery Plan:
• Received $2324 through PPP
• Reopened May 6th
• Offering new services to provide a Beauty Services One-Stop
• Discounted services to her elderly clients
NEED Grant funds will be used for rent, utilities, and insurance.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/5/2020

A Peace of Mind Salon

1136 Mosby Rd. , Memphis, TN 38116