Impact of COVID-19 on Our Local Businesses

The Morgan Park Beverly Hills Business Association and the 95th Street Business Association have created the following Needs/Impact Assessment survey. Its purpose is to help local elected officials and government agencies determine future financial aid packages for small businesses.

This survey will help shed light on the hyper-local impact that the COVID-19 pandemic has had on Beverly/Morgan Park businesses as of April 23, 2020. In addition, the survey results will assist the MPBHBA and the 95th Street Business Associations in prioritizing its advocacy efforts. All information will be aggregated into areas of needs, and we will not disclose business names or contacts.

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* 1. What percentage of your business revenue has been impacted by the COVID-19 pandemic?

0% - 20%

21% - 40%

41% - 60%

61% - 80%

81% - 100%

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* 2. How many months can your business continue to remain operational based on current business restrictions and employee levels?

1 month

2 more months

3 - 5 months

6 - 8 months

9 - 12 months

More than a year

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* 3. How many employees did your business have prior to the COVID-19 pandemic?

I am the only employee (1)

3 - 5

6 - 10

11 - 20

21 - 40

More than 40

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* 4. As a result of the COVID-19 pandemic, how many employees has your business had to furlough/layoff?

1 - 2

3 - 5

6 - 10

11 - 20

21 - 40

More than 40

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* 5. Which of the following financial resources has your business applied for? (select all that apply)

CARES Act - Paycheck Protection Program (PPP)

CARES Act - Employee Retention Credit

SBA’s Economic Injury Disaster Loan and/or Grant (EIDL) Program

Chicago Small Business Resiliency Fund

Traditional Financial Institution Loans

GoFundMe or other fundraising mechanism

Other funding source (please specify)

None

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* 6. If your business applied for one of the above resources, was your application approved?

Yes

Still waiting for application status

Did not apply for any applications

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* 7. If your business received financial assistance, was the support sufficient for the current stay-at-home mandate timeline?

Yes

Did not receive financial assistance

Did not apply for any financial assistance programs

Impact of COVID-19 on Our Local Businesses

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* 1. What percentage of your business revenue has been impacted by the COVID-19 pandemic?

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* 2. How many months can your business continue to remain operational based on current business restrictions and employee levels?

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* 3. How many employees did your business have prior to the COVID-19 pandemic?

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* 4. As a result of the COVID-19 pandemic, how many employees has your business had to furlough/layoff?

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* 5. Which of the following financial resources has your business applied for? (select all that apply)

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* 6. If your business applied for one of the above resources, was your application approved?

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* 7. If your business received financial assistance, was the support sufficient for the current stay-at-home mandate timeline?

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* 8. Please rank the following financial needs of your business in order of priority. (1 = highest)

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* 9. Please rank the following technical needs of your business in order of priority. (1 = highest)

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* 10. Please share any other comments, feedback, or needs below.