What was your experience like?

This survey is intended for Skagway businesses only.

We know the experience was far from perfect, but with the first round of funding lapsed for both the Pay Check Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), it's important we provide feedback to improve the opportunity for small businesses if there is a second round. Please provide constructive feedback and comments. 

This survey was brought to you by the Skagway Development Corporation. All answers will remain confidential and only used in a general report for a letter.

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* 1. Did you apply for the Pay Check Protection Program (PPP) and/ or the Economic Injury Disaster Loan (EIDL)?

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* 2. Did you receive approval for funding?

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* 3. Was it easy to connect with a bank for the PPP or with the SBA for the EIDL after the new stream lined application became available?

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* 4. What bank did you end up applying with?

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* 5. If a second round of funding for the PPP and/or the EIDL becomes available, will you apply because: (1) you didn't get approval in the first round or, if you did get approval, (2) you need more funding?

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* 6. What is your current projected revenue shortfall to cover your expenses if we do not get cruise ships until 2021? (Values provide better feedback)

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* 7. Which program worked better for you businesses needs? PPP or EIDL?

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* 8. Would a subsidize loan be more beneficial than a low interest loan program (like the EIDL)? Ie loan amounts don't begin accruing interest or require payment for 1 year. At 1 year, principal payments are required but the loan amount doesn't start accumulating interest for an additional 6 months. Interest rate is a standard loan interest rate (not low-interest). This would mean interest wouldn't start accumulating until fall of 2021 or later. Similar program to the Federal student loans.

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* 9. Do you have any additional constructive comments that could make applying for these programs easier in the future?

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