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Creative Home Academy and Preschool LLC
Summary
Creative Home Academy and Preschool LLC is a daycare located at 1149 Semmes in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The company opened second location this year, but enrollment has dropped. Revenue decreased and tapped savings to cover expenses. Health and safety have become a greater concern.Stabilization and Recovery Plan:
• Remained open with no layoffs to serve children of parents who must work
• Hiring and promotions have been frozen
• Planning for anticipated increase in enrollment as people go back to work
NEED Grant funds will be used to offset losses of $1,500 per month for four months.
Financing Amount:
$6,000
Projected Total Jobs:
Not applicable
Total Investment:
Not applicable