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Higher Learning Enrichment Academy

Summary

Higher Learning Enrichment Academy is a childcare center located at 5750 Winchester in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The center closed for one month due to the pandemic. Student enrollment is down from 22 students to nine. The center is behind on current rent and utility obligations.
Stabilization and Recovery Plan:
• Received rent relief for the month of April
• Will promote the center through social media and offer assistance with virtual learning classes
• Made payment arrangements with MLGW
• Received a $5,000 infusion from PPP and a $14,000 infusion from EIDL
NEED Grant funds will be used for rent, salaries and utilities.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

9/11/2020

Higher Learning Enrichment Academy

5750 Winchester, Memphis, TN 38115