Greater Memphis COVID-19 Business Impact Survey | Weeks 6-8

The Greater Memphis Chamber and our partners at the City of Memphis and Shelby County are working to understand the impact of COVID-19 on the Greater Memphis business community. Please respond to the following brief survey to help us understand the current impact so that information can be communicated to local and state legislators.

If you own more than one business, please fill this survey out for each of your businesses separately to help us best understand impact by industry.

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* 1. Which of the following best describes the principal industry of your organization?

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* 2. How would you rate the impact COVID-19 has had to date on your business to date?

Extremely Negative Impact

Neutral Impact

Extremely Positive Impact

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 3. To date, has your business experienced any changes to hours or hourly work schedules due to the COVID-19 public health crisis?

Yes

Please provide any additional comments in the box below.

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* 4. Are any of your employees currently working remotely as a result of the COVID-19 public health crisis?

Yes

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* 5. If you have laid off employees, how many have you laid off to date?

I have not laid off any employees

Fewer than 10

11-30

31-50

51-75

76-100

101-200

201-500

501 or more

Please provide any comments in the space below.

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* 6. Do you anticipate that you will have to lay off additional employees in the next two weeks as a direct result of the COVID-19 public health crisis?

Yes

Unsure/It is too early to tell.

Please provide any comments in the space below.

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* 7. How many weeks could your firm operate in the current environment before exhibiting financial distress (i.e., low cash balance, additional credit required, lack or materials/supplies)?

Less than one week

1 to 3 weeks

3 to 5 weeks

5 to 10 weeks

More than 10 weeks

Don't know/Unsure

Please provide any comments here.

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* 8. It may be too early to tell, but how much do you estimate your business is down year of year for the period between February 1, 2020 and April 30, 2020 compared to the same period in February 1, 2019 to April 30, 2019?

It is about the same

Down 10% or less

Down 11-20%

Down 21-50%

Down 51-75%

Down 76% or more

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* 9. It may be too early to tell, but what type of assistance does your business need during this crisis?

Short term working capital

Delay of utility payments

Delay of taxes and fees

Tax credits

Deferred lease or mortgage

Other (please specify)

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* 10. What are your business top three most pressing concerns? Select up to three.

Childcare for employees

Debt relief

Insurance for employees

Payroll expenses

Rent/lease/mortgage expenses

Revenue/ cash flow

Taxes

Utility Expense

Vehicle Expenses

Equipment Needed

HR i.e. medical insurance, layoffs, policies

Vendor Supply Chain Problems

Employee well-being

Other (please specify)

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* 11. If you are experiencing problems with your vendor supply chain, please let us know what challenges you are experiencing in the comment box below.

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* 12. Have you taken any of the measures listed below to cover shortfalls in revenue experienced as a result of the coronavirus outbreak? Select all that apply.

Made a claim on a business interruption insurance

Applied for the Payroll Protection Program or SBA Economic Injury Disaster Loan

Applied for another loan type (non Covid-19 related)

Made increased use of line of credit

Drawn down cash reserves

Dipped into personal savings

None of the above

Have you taken any other steps to address shortfalls?

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* 13. If you have applied for the Payroll Protection Program or an SBA Economic Injury Disaster Loan, has your loan been approved? Select all that apply.

I have been approved for an SBA Economic Injury Disaster Loan

I have been approved for the Payroll Protection Program.

I have applied, but have not yet been approved for an SBA Economic Injury Disaster Loan.

I have applied, but have not yet been approved for the Payroll Protection Program.

I applied and was denied for an SBA Economic Injury Disaster Loan

I applied and was denied for the Payroll Protection Program.

I have not applied for either loan program.

Comments

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* 14. What kind of additional government support would be most helpful in meeting your business needs through the coronavirus outbreak?

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* 15. Is your company considering or implementing any special modifications or protocols to the work environment in response to COVID-19 or in preparation for reopening? Please specify in the comments box below.

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* 16. Do you anticipate that your organization will need access to Personal Protective Equipment (such as masks, gloves, sanitizer, etc) for employees and/or patrons to prepare for re-opening efforts?

Yes

Unsure at this time.

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* 17. Do you have any other feedback or suggestions that you would like to share?

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* 18. Is your business women or minority-owned?

Yes

Prefer not to answer

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* 19. Is your business considered an "essential business" under the current Safer at Home act? To see a list of essential and non-essential businesses, click here.

Yes

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* 20. To help us fully understand the impact of COVID-19 on the local business community, it is important that we get more details from some of our local businesses. Would you be open to participating in a follow-up phone conversation to discuss the impact of COVID-19 on your business in more detail?

Yes

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* 21. If you are comfortable sharing your information, please provide it below. It is not necessary to disclose your information to complete this survey.

Name

Company

Business Address

ZIP/Postal Code

Email Address

Phone Number

The Greater Memphis Chamber team continues to work to help Memphis area business mitigate against the impact of COVID-19. Please visit our COVID-19 Business Resources Page for more information.