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Ali Taghavi Master Weaver Oriental Rugs dba T

Summary

Taghavi’s Oriental Rugs is a rug sales and service business located at 3554 Park Avenue in Memphis that has seen at least a 25% drop in revenue as a result of COVID-19. The company’s storefront closed to all foot traffic. The company is fulfilling prior service orders. The staff has been reduced from 2 full time employees and 3 as needed employees to 1 key employee. Business expenses being paid from cash reserves.
Stabilization and Recovery Plan:
• Will provide PPE to employees and contactless delivery of product for customer
• Advertising in paid publications to include Memphis Magazine and The Commercial Appeal
• Applied for both PPP and EIDL
• Received a $4,000 infusion from EIDL
NEED Grant funds will be used for advertising, PPE, and utilities.

Financing Amount:

$6,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/29/2020

Ali Taghavi Master Weaver Oriental Rugs dba T

3554 Park Avenue, Memphis, TN 38111