COVID-19 Business Impact Survey

Transylvania County Business Task Force: Real-Time Business & Economic Impact Survey

This is the second business task force survey for the COVID-19 emergency situation. The survey is designed to help our local business owners and task force members understand the growing impact to Transylvania County businesses, what additional measures might be needed, understand the rapidly developing economic trends and a quick snapshot of how business owners are collectively navigating this emergency situation. Thank you for participating.

Your responses will only be shared in aggregate form, in order to protect the confidential nature of your business operations.

Thank you.

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* 1. Please select the industry category that best describes your organization.

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* 2. Please provide your contact information

Name

Company *

ZIP/Postal Code *

Email Address

Phone Number

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* 3. How long has your business been in operation?

50 years

More than 100 years

Clear

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

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* 4. Company size?

1-5 employees

6-10 employees

11-20 employees

21-50 employees

51-100 employees

100 plus employees

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* 5. Do you own or lease your business space?

Own

Lease

Other (home office, etc.)

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* 6. What impact has COVID-19 had on your business' operations?

Continued normal operations

Limited operations (reduced hours and/or services)

Temporarily closed

Permanently closed

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* 7. What action has your business taken regarding employees?

No impact

Layoffs

Furlough

Hired additional staff

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* 8. How many employees have been negatively impacted?

None

50 employees

More than 100

Clear

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

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* 9. Has your business applied for a Small Business Administration (SBA) Emergency Loan, traditional commercial loan or an increase in an existing business line of credit?

Traditional commercial bank loan

Increase in business line of credit from a bank or other investor

SBA Paycheck Protection Program (PPP)

SBA Economic Injury Disaster Loan Advance (EIDL-Advance)

SBA Enconomic Injury Distaster Loan (EIDL)

Not applicable

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* 10. If your business applied for a standard commercial loan, increased line of credit or a SBA program did you have any success? If not what was the result?

Not applicable

Approved

Submitted but have not received approval or denial

Unable to complete application due to technical difficulties or large volume of requests with my lender

I am in a holding pattern with my lender due to a large volume of loan applications

Declined

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* 11. If your business was/is seeking a business loan through a bank and/or SBA approved lender what monthly amount were you hoping to obtain in order to sustain essential business operations during this situation?

Less than $5,000

$5,000-10,000

$10,000-25,000

More than $25,000

Not applicable

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* 12. If business disruption continues at the current rate how soon will your business be at risk of closing permanently?

Less than 1 month

2-3 months

3-5 months

More than five months

Not a concern at this time

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* 13. How important is access to a new, non-forgiveable, market-based, business loan or additional line of business credit to your company?

Not important. Will likely be able to sustain the business until things begin to normalize with current assets.

A business loan would be advantageous to provide enhanced financial security but I don't believe it is essential at this time.

A business loan is critical. Without a loan my business is likely to fail.

Financial capital is essential but my business is not interested or willing to take on additional debt service.

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* 14. If a local or regional emergency business loan (non-forgivable) program is developed and made available to your business please indicate the likelihood that your business will be able to survive this situation.

Highly likely will stay in business

Likely will stay in business

Uncertain, may help

Unlikely, will not help my business

N/A

Highly likely will stay in business

Likely will stay in business

Uncertain, may help

Unlikely, will not help my business

N/A

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* 15. What other types of assistance would be most helpful to your business

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* 16. Have your business creditors been able to provide flexibility during this situation?

Postponed business-related rent/mortgage payments

Deferred utility payments

Postponed business/debt service obligations

Not applicable

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* 17. How has COVID-19 affected your business beyond sales revenue?

Added expenses to mitigate public safety risks (i.e. cleaning, supplies, gloves, masks, etc.)

Altered business hours

Changed business model

Event cancellations

Reduced participation at gatherings and events

Required the implementation of off-site working options

Created supply chain disruptions

Caused changes to business related insurance rates

Established alternative mode of business operation to sell and deliver products (i.e. online, telephone)

Enhanced secondary mode of business operation to sell and deliver products (i.e. online, telephone)

Created stressful environment for employees about their personal health

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* 18. How difficult do you anticipate it will be to rehire or to identify employees to fill previsouly vacated positions?

Very difficult

Difficult

Neutral

Easy

Very easy

N/A

Very difficult

Difficult

Neutral

Easy

Very easy

N/A

COVID-19 Business Impact Survey

Transylvania County Business Task Force: Real-Time Business & Economic Impact Survey

Question Title

* 1. Please select the industry category that best describes your organization.

Question Title

* 2. Please provide your contact information

Question Title

* 3. How long has your business been in operation?

Question Title

* 4. Company size?

Question Title

* 5. Do you own or lease your business space?

Question Title

* 6. What impact has COVID-19 had on your business' operations?

Question Title

* 7. What action has your business taken regarding employees?

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* 8. How many employees have been negatively impacted?

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* 9. Has your business applied for a Small Business Administration (SBA) Emergency Loan, traditional commercial loan or an increase in an existing business line of credit?

Question Title

* 10. If your business applied for a standard commercial loan, increased line of credit or a SBA program did you have any success? If not what was the result?

Question Title

* 11. If your business was/is seeking a business loan through a bank and/or SBA approved lender what monthly amount were you hoping to obtain in order to sustain essential business operations during this situation?

Question Title

* 12. If business disruption continues at the current rate how soon will your business be at risk of closing permanently?

Question Title

* 13. How important is access to a new, non-forgiveable, market-based, business loan or additional line of business credit to your company?

Question Title

* 14. If a local or regional emergency business loan (non-forgivable) program is developed and made available to your business please indicate the likelihood that your business will be able to survive this situation.

Question Title

* 15. What other types of assistance would be most helpful to your business

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* 16. Have your business creditors been able to provide flexibility during this situation?

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* 17. How has COVID-19 affected your business beyond sales revenue?

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* 18. How difficult do you anticipate it will be to rehire or to identify employees to fill previsouly vacated positions?

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* 19. What can local government do to help in this situation?

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* 20. What did we miss? What ideas do you have that we can explore in more detail?