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Basil Bailey Salon

Summary

Basil Bailey Salon is a hair and nail salon located at 802 S Cooper Street that has experienced at least a 25% drop in revenue as a result of COVID-19. The salon was forced to close, leaving 6 employees and the owner without work and revenue. The owner was forced to use personal savings to meet obligations.
Stabilization and Recovery Plan:
• Payment arrangements for March and April rent.
• Distributors are now open and operating at a higher capacity. -Business reopened for regular hours.
• Practicing social distancing and requiring staff to wear PPE.
Grant funds will be used for fixed costs such as rent and insurance.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

7/10/2020

Basil Bailey Salon

802 S Cooper , Memphis, TN 38104