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Baby Grand

Summary

Baby Grand is a creative marketing agency located at 676 Marshall Avenue, Suite 101, in Memphis that has seen at least a 25% drop in revenue as a result of the COVID-19 pandemic. Sales dropped from $22,808 in February to $4,500 in March. The agency lost a $30,000 contract set to begin April 1st. Clients include museums, coffee shops, breweries, gyms and other businesses that are closed and putting decisions on hold.
Stabilization and Recovery Plan:
• Applied for SBA PPP and EIDL (received $1,000 advance)
• Reduced salaries
• Staying in contact with existing and past clients and planning new marketing strategies
Grant funds will go to satisfy outstanding debt to one contract worker ($1,500), salaries and rent.

Financing Amount:

$7,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/1/2020

Baby Grand

676 Marshall Avenue, Suite 101 Memphis, TN 38103