‹ Back To Others
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