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Warehouse Studios LLC

Summary

Warehouse Studios is an artist collective located at 358 Walnut Street that has
experienced at least a 25% drop in revenue as a result of COVID-19. The venue
was forced to defer maintenance, reduce artists pay and cancel all events and
showcases.
Stabilization and Recovery Plan:
- Evaluating ^inances to structure a survival plan including 60% reduction in
mortgage payments for three months.
- Trying to reschedule special events and develop fall calendar.
- Recruiting new artists
NEED Grant funds will be used supplement ^ixed costs of $2,300 per month
(excluding payroll).

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/19/2020

Warehouse Studios LLC

358 Walnut Street, Memphis, TN 38126