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First Choice Salon Experience

Summary

First Choice Salon Experience is a salon and day spa located at 7050 Malco Crossing in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The salon was forced to close for two months due to the pandemic. The landlord has not been willing to offer rent relief and the business owner is behind on monthly shop overhead costs. Upon reopening, four of her 12 stylists did not return.
Stabilization and Recovery Plan:
• Increase marketing through social media
• Practicing social distancing and temperature checks
• Providing PPE to all customers
• Received a $2,000infusion from Shelby County’s Beautiful Comeback program
NEED Grant funds will be used for rent, salaries, overhead expenses and restocking PPE.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

11/4/2020

First Choice Salon Experience

7050 Malco Crossing, Suite 102 Memphis, TN 38125