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Ms. Rhonda’s Nest

Summary

Ms. Rhonda’s Nest is a childcare center located at 6876 Kirby Mills Cove that has experienced at least a 25% drop in revenue as a result of COVID-19. The center was forced to temporarily close, furloughing contracted employees, limiting revenue due to occupancy restrictions and resorting to personal funds in order to cover expenses.
Stabilization and Recovery Plan:
• Calling customers and sending a monthly newsletter to let people know they are still open.
• Joined “Social Curator” to help increase followers and gain new customers across all social media platforms.
• Applied for PPP and EIDL. Received a $11,700 infusion from PPP and $19,500 from EIDL.
Grant funds will be used for rent and business overhead expenses.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

7/10/2020

Ms. Rhonda’s Nest

6876 Kirby Mills Cove, Memphis, TN 38115