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More Therapy, LLC.

Summary

More Therapy is a women’s retail boutique located at 600 S Perkins that has experienced at least a 25% drop in revenue as a result of COVID-19. The boutique closed, forcing seasonal inventory to be sold at a deep discount and reducing workers hours.
Stabilization and Recovery Plan:
• Calling customers and sending a monthly newsletter to let people know they are still open.
• Joined “Social Curator” to help increase followers and gain new customers across all social media platforms.
• Applied for PPP and EIDL. Received a $11,700 infusion from PPP and $19,500 from EIDL.
Grant funds will be used for rent and business overhead expenses.

Financing Amount:

$2,500

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

7/10/2020

More Therapy, LLC.

600 S. Perkins , Memphis, TN 38117