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Shanta’s Hair Day

Summary

Shanta’s Hair Day is a beauty salon located at 2506 Mt. Moriah in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business closed for three months due to pandemic. The landlord is not allowing for rent payment flexibility. The owner had to lay off the part time shampoo techs.
Stabilization and Recovery Plan:
• Reopened July 1, but only allowed to see 2 clients at a time
• Increase her social media presence by running paid for ads
• Established a payment arrangement with vendors
• Received a $1,300 infusion from PPP
NEED Grant funds will be used for salaries, rent and restocking PPE.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

9/11/2020

Shanta’s Hair Day

2506 Mt. Moriah, Building B, Suite 464 Memphis, TN 38115