SEKISUI INCORPORATED 2

Summary

Sekisui was originally awarded an EDGE NEED grant on 7/10/2020. An additional grant award of $5,000 was provided due to the effects of a subsequent Shelby County Health Department health directive placed on restaurants, bars and local grocery stores.

Sekisui Incorporated is a sushi restaurant located at 25 South Belvedere that has experienced at least a 25% drop in revenue as a result of COVID-19. The restaurant has been reduced to to-go orders, sales are down 88%, and staff has been cut dramatically.
Stabilization and Recovery Plan:
• Increased social media outreach and continued traditional advertising.
• Established payment plans with vendors to ensure supplies are ready when business returns.
• Planning to safely reopen dining room when restrictions lift.
• Received $98,700 PPP and $149,900 EIDL.
NEED Grant funds will be used to offset supply costs during recovery period.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/15/2021