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Trimmers Barbershop & Styles

Summary

Trimmers Barbershop & Styles is a barbershop located at 6200 Knight Arnold Road, #109 in Memphis that has experienced at least a 25% drop in revenue as a result of the COVID-19 pandemic. The business has laid off seven independent contractors. The primary source of income is received as Booth Rents from Independent Contractors who are currently not operating. -Unable to cover expenses for April and project inability to meet business expenses in May.
Stabilization and Recovery Plan:
• Applicant will implement new safety measures (service by appointment only) throughout the shop and promote these measures via social media/marketing campaigns.
• Applicant will offer reduced booth rents to returning Barbers for a limited time
NEED Grant funds will be used for rent, insurance, and other reopening supplies, and new sanitizing stations/equipment to promote safer customer experiences

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/1/2020

Trimmers Barbershop & Styles

6200 Knight Arnold Road, Suite 109 Memphis, TN 38115