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Tamboli’s, LLC

Summary

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
NEED Grant funds will be used to supplement labor costs.

Financing Amount:

$6,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/28/2020

Tamboli’s, LLC

1761 Madison Avenue, Memphis, TN 38104