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Underground Art, Inc.

Summary

Underground Art, Inc. is a tattoo studio located at 2287 Young Avenue in Memphis that has seen at least a 25% drop in revenue as a result of the COVID-19 pandemic. The company has laid off three employees and seven Independent Contractors. Primarily operates on Seasonal Revenues with its peak seasons being Spring & Summer. Applicant has used savings to pay business expenses.
Stabilization and Recovery Plan:
• Applicant has very loyal client base with about half its business being repeat customers for the past few years
• Applicant is planning a new marketing strategy to maintain public relations
NEED Grant funds will be used for utilities, insurance, taxes, software subscriptions needed for reopening and other fixed costs totaling more than $4,800 per month.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/1/2020

Underground Art, Inc.

2287 Young Avenue, Memphis, TN 38104