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B’Chanel Salon

Summary

B’Chanel Salon is a salon located at 3340 Poplar Avenue, Suite 328 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The Applicant’s business classified as non-essential has left her without a means of generating revenue as her business is 100% dependent on servicing clients.-Applicant is using savings to pay business expenses.-Lessor is not agreeable to deferring payment of rents.
Stabilization and Recovery Plan:
• Will implement new marketing strategies to include a Social Media marketing campaign
• Will offer referral program to customers, increase services and product offerings
• Will not allow more than 1 client in salon at the same time
NEED Grant funds will be used for rent, utilities, outstanding vendor payments, and to purchase PPE to be used once reopened.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/8/2020

B’Chanel Salon

3340 Poplar Avenue, Ste. 328 Memphis, TN 38111