Summary

Silkish Hair and Day Spa is a salon and day spa located at 1215 Southland Mall, Suite 1280 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to close for two and a half months due to the pandemic. The owner is paying financial obligations from personal savings. Upon reopening, none of his stylists wanted to return to work.
• Stabilization and Recovery Plan:
Increase marketing and paid for ads through social media and commercials
• Calling all previous clients to let them know the shop has reopened
• Practicing social distancing and providing PPE to all customers
• Received a $20,000infusion from PPP
NEED Grant funds will be used for rent, salaries, overhead shop expenses and restocking PPE.

Financing Amount:

Projected Total Jobs:

Total Investment: