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Family Affair

Summary

Family Affair is a hair salon located at 1034 East Brooks Road in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was closed from March to July due to the pandemic. Many clients have not returned due to health concerns. The owner fell behind on rent but has caught up, and is currently behind on utility payments.
Stabilization and Recovery Plan:
• Upgrading appointment system to ensure no overlap of customers and interface with payment and social media apps
• Doing maintenance on shop and equipment
• Improving inventory management.
NEED Grant funds will be used to supplement rent and utilities moving forward.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

12/2/2020

Family Affair

1034 East Brooks Road, Memphis, TN 38116