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Fancy Nails

Summary

Fancy Nails is a nail salon located at 1680 Union Avenue, Suite 113 that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to close due to being non-essential. All 3 employees were laid off. The business owner continued to pay overhead from savings.
Stabilization and Recovery Plan:
• Shop reopened June 2, 2020
• Will provide PPE to all employees and customers
• Installed plastic windows at nail stations as preventive method
• Practicing social distancing guidelines.-Received a $6,772 infusion from PPP
NEED Grant funds will be used for rent and utilities.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/28/2020

Fancy Nails

1680 Union Avenue, Suite 113 Memphis, TN 38104