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Mbabazi House of Style

Summary

Mbabzi House of Style is a clothing retailer located at 2553 Broad Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Sales dropped at beginning of outbreak. Business began selling masks and recovered. Sales have stabilized at about 60% of February peak.
Stabilization and Recovery Plan:
• Improving online presence with complete sales platform
• Increasing ads on social media
• Borrowed $8,000 from PayPal to supplement expenses
• Received $28,000 PPP
NEED Grant funds will be used to supplement rent and fixed costs moving forward.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

10/7/2020

Mbabazi House of Style

2553 Broad Avenue, Memphis, TN 38112