The Nail and Skin Bar, Inc.

Summary

The Nail and Skin Bar, Inc. is a nail salon located at 3990 Park Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business closed as non-essential in March. The owner and six independent contractors were unable to earn an income. Monthly liabilities have had to be paid from the applicant’s personal account.
• Stabilization and Recovery Plan:
Business reopened May 24, 2020
• Creating a robust marketing plan to drive traffic to the business
• Plans to add later hours to draw a larger crowd
• Will establish a small retail component with polishes and skin care items
• Received a $5,000infusion from EIDL
NEED Grant proceeds will satisfy operating expenses and to purchase supplies.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/28/2020