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Radix Wellness LLC dba Sundara Wellness Cente

Summary

Radix Wellness LLC dba Sundara Wellness Center is a wellness group located at 1314
Peabody Ave that has experienced at least a 25% drop in revenue as a result of COVID-19.
They were forced to lay off 2 part time employees, the owner is not receiving a salary and
they are unable to meet business expenses and cover payroll for contractors.
Stabilization and Recovery Plan:
- Received $48,183 in PPP & $7000 EIDL
- Have negotiated payment arrangements with suppliers & debtors
- Moved many services to an online platform
- Expanding retail & supplement business
NEED Grant funds will be used to partially supplement rent and insurances of $7,700
monthly.

Financing Amount:

$8,500

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/26/2020

Radix Wellness LLC dba Sundara Wellness Cente

1314 Peabody Ave, Memphis, TN 38104