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I Love Juice Bar NEED Grant Request

Summary

Memphis Juice Crosstown dba I love Juice Bar is a juice and smoothie cafe located at 1350
Crosstown Ave that has experienced at least a 25% drop in revenue as a result of COVID-19.
The cafe was forced to close, lay off 4 full time employees and 2 part time, and become late
on 3 months of bills.
Stabilization and Recovery Plan:
- Received $6,000 SBA EIDL funding.
- Tentative re-opening planned for July.
- Trimming menu to reduce operating costs.
- Offering discounts to loyalty rewards customers, residents and users of Crosstown.
- Introduction of pre-ordering and curbside pick-up using app.
NEED Grant proceeds will be used to pay off outstanding debt, restock raw materials, and
other working capital needs.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/26/2020

I Love Juice Bar NEED Grant Request

1350 Crosstown Ave, Suite 147, Memphis, TN 38104