Paycheck Protection Program (PPP) Business Survey | January 2021

Applying for a PPP loan for the first time

Applying for a second PPP loan

Learning about PPP, but have not determined if we will apply for a PPP loan

Yes, our business worked with First Western for our first PPP loan.

No, our business worked with a different bank for our first PPP loan.

Our business has not applied for a PPP loan.

50% or less than our loan amount from first PPP loan

51% - 75% of the loan amount from our first PPP loan

76% - 100% of the loan amount from our first PPP loan

Unsure at this time

Prefer not to answer

Not planning to apply for a second PPP loan

Watching news updates on television

Reading print periodicals

Researching and reading online publications

Talking to my banking team

Talking to my tax attorney, accountant, etc.

Talking to trusted contacts in my peer network

Other (please specify)

Very important – I prefer to use my current banking partners, and I trust them to help my business.

Somewhat important – I would prefer to use my current bank, but will look at options to ensure my application is handled well/quickly.

Not important – it doesn’t matter who my banking partner is for PPP.

A “self-serve” portal which allows me to prepare and submit a PPP application on my own.

A banking partner to help me prepare and submit a PPP application.

I am not sure. I would need to know more about both options.

Other (please specify)

Yes