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Divine Memories Banquet Hall

Summary

Divine Memories Banquet Hall is an event venue located at 6749 Winchester Road that has experienced at least a 25% drop in revenue as a result of COVID-19. The venue closed for 3 months, setting rent payments back and not giving the owner any salary. The owner is now using personal savings and business reserves to meet its obligations.
Stabilization and Recovery Plan:
• Increased social media presence.
• Plan to implement radio ad campaign.
• Current event fee structure to remain the same.
NEED Grant proceeds will be used for past due rent.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/7/2020

Divine Memories Banquet Hall

6749 Winchester Road, Memphis, TN 38115