Summary

Inails is a nail salon located at 3593 Riverdale Road in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The salon was forced to close for 2.5 months due to the pandemic. The owner is paying financial obligations from savings. Upon reopening, none of his stylists wanted to return.
Stabilization and Recovery Plan:
• Increase marketing and paid for ads through social media and commercials
• Calling all previous clients to let them know the shop has reopened
• Practicing social distancing and providing PPE to all customers
• Received a $2,600infusion from PPP, $5,000 from TN Business Relief Fund and $1,000 from EIDL
NEED Grant funds will be used for rent, utilities, salaries, and restocking PPE.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

11/4/2020

Inails

3593 Riverdale Rd., Ste 101 Memphis, TN 38115