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TAMMY K MONTGOMERY DBA DRU'S PLACE 2

Summary

Dru’s Place was originally awarded an EDGE NEED grant on 5/01/2020. 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.

Tammy K. Montgomery dba Dru’s Place is a restaurant/bar located at 1474 Madison Avenue in Memphis that has seen at least a 25% drop in revenue as a result of the COVID-19 pandemic. Business closed, applicant continues to provide minimum base pay to employees (2 FT, 4 PT). Applicant has taken out $10,000 personal loan to cover fixed expenses. Vendor contracts have been negotiated, reducing costs by $4,000 per month.
Stabilization and Recovery Plan:
• Applicant has applied for EIDL, PPP and 3 local grants
• Developing curbside food and beer service
• Strong plan for phased in reopening, with sanitation program and use of PPEs for staff
NEED Grant funds will be directed at paying expenses required to operate curbside food and beverage service.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/12/2021

TAMMY K MONTGOMERY DBA DRU'S PLACE 2

1474 Madison Avenue, Memphis, TN 38104