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Dortch Construction, LLC

Summary

Dortch Construction is a construction company located at 1794 Baldwin in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19.
Commercial contracts (Porter Leath, MATA) have been delayed resulting in reduced employee work hours and loss of projected revenue of more than $30K. Compnay has experienced: Difficulty obtaining materials/supplies as vendors are short staffed/products unavailable. Limited supply and increased cost of routine PPE (masks/disposable protective suits).
Stabilization and Recovery Plan:
• Applied for SBA PPP & EIDL
• Payment Arrangements with vendors/creditors
• Reduced employee hours until business increases
NEED Grant funds will be used to assist with payroll, insurance, satisfy debts w/vendors, and to purchase PPE for employees

Financing Amount:

$8,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/22/2020

Dortch Construction, LLC

1794 Baldwin Ave., Memphis, TN 38127