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Brown Barbershop

Summary

Brown Barbershop is a barber located at 3580 Hickory Hill in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The applicant and 2 FT Independent Contractors are out of work. There are over $1,900 in monthly operating expenses accruing while shutdown. The owner forgave weekly chair rental fees and negotiated terms with landlord and vendors.
Stabilization and Recovery Plan:
• Applicant and Contractors have returned to work
• Implemented new operating and cleaning protocols in accordance with Health Department guidelines
• Digital and print media campaign being implemented
• Increased days and hours of operation
NEED Grant proceeds will be used to pay rent, insurance, utilities, and advertising related expense

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/5/2020

Brown Barbershop

3580 Hickory Hill, Memphis, TN 38115