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SummaryTaborco, LLC is a wholesale distributor located at 1098 Florida in Memphis that has seen at least a 25% drop in revenue as a result of the COVID-19 pandemic. The company’s workforce was reduced to one permanent part-time position. Unable to fulfill customer orders due to suppliers’ backlog. Capital tied up in back ordered inventory.
Stabilization and Recovery Plan:
• Owners providing capital as needed
• Negotiating extended payment terms and abatement of monthly payments
• Developing internet sales platform
• Applied for PPP
NEED Grant funds to assist in covering operating costs and inventory acquisition.
Projected Total Jobs: