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TAMBOLI’S, LLC 2

Summary

Tamboli’s was originally awarded an EDGE NEED grant on 8/28/2020. An additional grant award of $5,000 was provided due to the effects of a subsequent Shelby County Health Department health directive placed on restaurants, bars and local grocery stores.

Tamboli’s in a restaurant located at 1761 Madison Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The restaurant closed its dining room and patio on March 17th. It has experienced supplier disruptions. Labor costs rose to more than 50% of costs.
Stabilization and Recovery Plan:
• Shifted immediately to curbside pick-up and delivery service
• Reimagined and simplified menu
• Reduced staff from 31 to 14
• Received $98,877 from PPP and $54,300 from EIDL

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/12/2021

TAMBOLI’S, LLC 2

1761 Madison Avenue, Memphis, TN 38104