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Euro Imports of Memphis, Inc.

Summary

Euro Imports of Memphis, Inc. is an auto repair shop specializing in foreign vehicles located at 2699 Broad Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to lay off 3 key employees. Carrier interruptions have caused a slowdown with vehicle turnaround time and it is behind on overhead and shop expenses.
Stabilization and Recovery Plan:
Ramping up social media and advertising presence.
-Able to restructure financial obligations.
-Provides contactless delivery of vehicle and payment options.
-Practicing social distancing and requiring staff to wear PPE.
NEED Grant funds will be used for salaries and rent.

Financing Amount:

$7,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/7/2020

Euro Imports of Memphis, Inc.

2699 Broad Avenue, Memphis, TN 38112