Summary

Hi Tone is a music venue located at 282 N Cleveland in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. All events have been cancelled and the future schedule is uncertain. All employees have been furloughed. Fixed costs are going unpaid.
Stabilization and Recovery Plan:
• Loan payments deferred until September
• Focused on building out new space
• Planning expanded menu
• Expanding performance area
NEED Grant funds will be used to for insurance, utilities and debts owed from being closed.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/29/2020

Hi-Tone

282 North Cleveland, Memphis, TN 38104