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HOT WINGS EXPRESS II, LLC 2

Summary

Hot Wings Express II was originally awarded an EDGE NEED grant on 6/12/2020. An additional grant award of $5,000 was provided due to the effects of a subsequent Shelby County Health Department health directive placed on restaurants, bars and local grocery stores.

Hot Wings Express II is a restaurant located at 3303 Winchester that has experienced at least a 25% drop in revenue as a result of COVID-19. The business has seen reduced operating hours. The applicant laid off 1 employee and cut hours for 4 part time employees. Only able to operate as take-out. The business has experienced supplier disruptions.
Stabilization and Recovery Plan:
• Added budget friendly daily and weekend specials
• Able to source food from additional vendors and wholesale markets
• Negotiated payment arrangements with creditors
• Applied for PPP
• Received a $9,300 infusion from PPP
NEED Grant funds will be used to pay salaries, utilities, and purchase inventory.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/15/2021

HOT WINGS EXPRESS II, LLC 2

3303 Winchester, Memphis, TN 38118