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The Tee Shirt Lab

Summary

The Tee Shirt Lab is a Screen Printing, Embroidery, and Promotional Products company located at 986 E. Brooks Rd. in Memphis that has seen at least a 25% drop in revenue as a result of COVID-19. The business was closed for almost 2 months due to the pandemic. Inventory has had to be sourced from higher cost vendors due to an apparel shortage. The business has also lost 2 employees due to self-quarantining.

Stabilization and Recovery Plan:
• Offer incentives to place repeat orders
• Continue to promote on all social media outlets
• Create a referral program to grow business
• Received$40,900 infusion from EIDL, $10,000 from the State of TN

The NEED Grant funds will be used for rent and overhead expenses.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/6/2021

The Tee Shirt Lab

986 E Brooks Road, Memphis, TN 38116