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Spotlight Productions

Summary

Spotlight Productions is a television production company located at 649 Second Street in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The applicant lost or postponed jobs of $40,000-$60,000. There are $12,000 outstanding receivables. The applicant continues to pay P/T staff and fixed operating expenses from reserves. The applicant has not drawn salary in 2 months.

Stabilization and Recovery Plan:
• Received $2,000 from SBA EIDL Program
• Purchased PPE for crew safety
• Rescheduled some postponed projects

Need Grant proceeds will be used for payroll, PPE supplies, purchase needed equipment and other operating expense

Financing Amount:

$8,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/5/2020

Spotlight Productions

649 N Second Street, Memphis, TN 38107