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Creative Home Academy and Preschool LLC

Summary

Creative Home Academy and Preschool LLC is a daycare located at 1149 Semmes in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The company opened second location this year, but enrollment has dropped. Revenue decreased and tapped savings to cover expenses. Health and safety have become a greater concern.
Stabilization and Recovery Plan:
• Remained open with no layoffs to serve children of parents who must work
• Hiring and promotions have been frozen
• Planning for anticipated increase in enrollment as people go back to work
NEED Grant funds will be used to offset losses of $1,500 per month for four months.

Financing Amount:

$6,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/5/2020

Creative Home Academy and Preschool LLC

1149 Semmes, Memphis, TN 38111