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Angel Beauty Supply

Summary

Angel Beauty Supply is a retail beauty supply business located at 4704 Millbranch in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. International supply shipments have been interrupted. Cosmetic professionals have been forced to close, cutting off the primary customer base. The company has been forced to operate with curb-side pick-up only.
Stabilization and Recovery Plan:
• Kept all four employees but reduced employee hours
• April and May rent forgiven
• Expanding base of new suppliers
• Adopting call-in orders as a permanent model
NEED Grant funds will be used to for rent, insurance, utilities, and other fixed costs (excluding supplies and payroll).

Financing Amount:

$8,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/29/2020

Angel Beauty Supply

4704 Millbranch, Memphis, TN 38116