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Lilee’s Gourmet Bakery, LLC

Summary

Lilee’s Gourmet Bakery, LLC is a bakery located at 6880 Hillshire Drive, #4 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Revenue declined due to in store tasting demonstration policies associated w/ COVID-19. Forced to reduce her 2 staff members’ hours. The business is operating from owner’s cash reserves.
Stabilization and Recovery Plan:
• Able to work out arrangements with creditors
• Increase marketing strategy through TV commercials, GEO Fencing, and social media
• Hire additional sale representatives to grow accounts
NEED Grant funds will be used to cover rent, salaries, and utilities.

Financing Amount:

$2,500

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/22/2020

Lilee’s Gourmet Bakery, LLC

6880 Hillshire Drive #4, Memphis, TN 38133