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First Class Professional Services

Summary

First Class Professional Services is a drug testing and finger printing business located at 4352 Stage Road, Suite 2 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Due to slowdown of business, the only part time employee was laid off. Client services dropped from 30 clients per day to just under 5. Operational hours decreased by 55%. The business is behind on current obligations.
Stabilization and Recovery Plan:
• Calling on previous clients to let them know she is open and ready for business
• Will promote the business through social media and follow up on bid opportunities with government sites
• Purchase additional PPE
• Received a $6,932 infusion from PPP
NEED Grant funds will be used for rent, salaries, and vendor software payments.

Financing Amount:

$7,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

10/7/2020

First Class Professional Services

4352 Stage Road , Suite 2 Memphis, TN 38128