Smyrtles Management dba Midtown Mirror Beauty

Summary

Smyrtles Management is a beauty salon and barber located at 16 South Cleveland in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to close based on close contact with customers. It has fallen behind on $2,775 of monthly fixed costs including rent, utilities and supplies. Five full-time employees unable to work while closed.
Stabilization and Recovery Plan:
• Applied for PPP
• Implemented safety precautions for re-opening
• Staying connected to customers about re-opening schedule and protocols
NEED Grant funds will be used to offset past losses and supplement rent and utilities moving forward

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/5/2020