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Delicate Properties Rehabilitation Services

Summary

Delicate Properties Rehabilitation Services is a commercial cleaning business that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to lay off 10 full time and 3 part time employees, temporarily lost 5 contracts representing 60% of sales and are behind on operating expenses.
Stabilization and Recovery Plan:
• Applied for and received $5,400 SBA PPP funding.
• Reduced staff hours to maintain as many on payroll as possible.
• Increasing advertisement across a variety of platforms.
NEED Grant proceeds will be used for payroll, supplies and other operating expenses.

Financing Amount:

$7,500

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

7/24/2020

Delicate Properties Rehabilitation Services

2600 Poplar Ave., Suite 120 Memphis, TN 38112