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The Hub Automotive

Summary

The Hub Automotive is an auto repair shop located at 2200 York Avenue that
has experienced at least a 25% drop in revenue as a result of COVID-19. They
were forced to close, furloughing all 5 employees and depleting personal
savings in order to cover expenses.
Stabilization and Recovery Plan:
- They are using their social media platforms to inform customers they are
open.
- Providing contactless delivery of vehicle. Online payments made by
customer.
- Made arrangements with suppliers.
- Applied for PPP. Received a $54,000 infusion from PPP.
Grant funds will be used for overhead business maintenance, and paying down
supplier debt.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/19/2020

The Hub Automotive

2200 York Avenue, Memphis, TN 38104