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Tailored Barber & Beauty Salon

Summary

Tailored Barber & Beauty Salon is a hair salon located at 3562 Park Avenue that has experienced at least a 25% drop in revenue as a result of COVID-19. The shop was forced to close for nearly 2 months leaving its owner and 6 employees unemployed.
Stabilization and Recovery Plan:
• Payment arrangement with landlord and other debtors
• Implemented marketing plan to notify customers of reopening and new salon protocols
• Has not received SBA PPP/EIDL funds.
NEED Grant funds will be used to bring rent and utilities current and supplement other fixed costs to assist with salon recovery.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

7/24/2020

Tailored Barber & Beauty Salon

3562 Park Ave, Memphis, TN 38111