Coronavirus Insights Poll: Week 7
Week In Review:
- 340K small business owners to date have weighed in. Amazing participation, let's keep that momentum going.
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"Impact on the decline" appeared on the Impact Over Time Chart for the first time! About 4% of small business owners in 31 states & 6 provinces signaled this trend.
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Other States & Provinces are way UP or way DOWN: 40 states & the District of Columbia also reported overall increases in impact. And 10 had steep decreases. It's like riding a see-saw.
- Overall impact is still high, remaining around 85%.
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CARES ACT LOAN UPDATE -- A bit better.
- 38.8% didn't apply
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30.2% applied, haven't heard back
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9.8% tried to apply, unable to submit
- 4.4% were denied
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5.2% were approved, but haven't received funds
- Only 11.6% were approved & have cash (up from 8%)
- Wall of Shame Recipient: Chase Bank - Here's Why.
- Lacking funds, 34% of small businesses can't pay May rent
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The Media Hears You: MSN.com shared your story
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4 New Ways To Pivot For Profits: Sandy Okin, turns side hustle into main business, pivoting from building trade show exhibits to highly specialized shipping crates for vital medical equipment.
- Be sure to check in on others in your community often via Alignable group chat, texts, calls, Zoom & more. Your support could make a big, uplifting difference in their day. #SmallBusinessStrong.
TIP OF THE WEEK: LOCAL BANKS ARE HEROES
If you're still trying to secure money from the federal government, go to your local, community, or regional banks. Members rave that you'll have a much better chance at getting CARES Act funds with them -- and more quickly, too.
This Week's Pulse Poll Update
Still At 85% Impact, But Declines Debut On The Map!
Pressure Eases In Some States, Elevates In Others
Our Top 10 Most-Impacted States list for the U.S. reflects WILD swings this week. Here's the current Top 10 (all with more than 90% of small businesses impacted by the Coronavirus):
- Montana (97%)
- District of Columbia (94.7%)
- Minnesota (93%)
- Hawaii (92.3%)
- Louisiana (92.3%)
- Oregon (92%)
- Arkansas (91.1%)
- Kentucky (91.1%)
- New Jersey (91%)
- Idaho (90.8%)
The biggest increases in impact were seen in Arkansas (up 16%), Montana (up 11.5%), DC (up 10%), and Idaho (up 9/7%).
Meanwhile, several states fell out of that Top 10 ranking, showing hopeful declines in impact:
- Alaska held the top spot for weeks, yet is now out of the Top 10, reporting a drastic -15% decline in impact, landing in the bottom 5 states this week, with an impact score of 80%.
- Other states with dramatic drops, include Rhode Island (-16%) down to 75.9% & Delaware (-15%) settling at 76.9%.
- States with more moderate declines were: New York (-3%) now hovering at 90%, Michigan (-3%) down to 89.1%, Vermont (-4%) now at 88.7%, and Massachusetts (-5%) landing at 87.8%.
In Canada, Some Provinces Are Lighter & Brighter
- Manitoba, Saskatchewan & New Brunswick had major declines in impact, from -8.7% to -17%. Even Ontario, which was No. 1 at 91% last week, was knocked out of the Top 3 Most-Impacted Provinces and is now at 86%.
- Nova Scotia, unfortunately, jumped to nearly 100% of businesses being affected. Quebec remains high at 88.2%, as does Alberta at 87.05%.
Big Topics For NEXT WEEK:
Is Your Community Ready To Reopen?
And What Will Go Into Your Disaster Recovery?
Be sure to let us know how you feel about all of these issues, during our polls, and also in any comments below. Thanks for reading!
Stay healthy & stay strong. #SmallBusinessStrong
Comments (1-10)
It's time to reopen the country. The virus is here to stay. People need to get back to work to support their families. Anyone uncomfortable being out and about should not be penalized for staying at home. Let folks that want to work get back to work. Be smart with personal hygiene and social distancing. Americans should have the freedom to weigh the risks and make up their own minds. Many of the stay at home orders are a result of political agendas. The media is fanning the flames. At the end of the day 98% of folks that contract the virus, survive. That's a number that is rarely reported. Go figure.
The virus has had a large impact on my business as many of my customers are closed. That being said I would rather struggle on until the fall paying my employees and keeping them on a staggered work schedule to keep them apart from each other and safe. We are managing to survive without physically being together in the factory at the same time. If we all opened up earlier I think we will see another spike in the cases of Corona virus. There would be more deaths and it attacks people of all ages. We will get through this we just have to keep up the strategy we have now, it is working and leveling out. I say don’t jump the gun and set us all back a few months.
We have to adhere to the Governors orders to remain closed till 18th.
Starting now everyone going out must have mask
These orders are put in place to keep us safe.
Noone liked shutting down thier businesS but there is no other way.
Also keeping 6 feet from others has not been obeyed by all!
Let's get with it people!
Noone likes this but It MUST be done!
Hair salons should be able to open in phase one with new protocols.We are licensed in proper sanitation procedures.My salon in bethesda is built for social distancing and is impeccably clean.We are ready to safely go back to work.Our clients would testify as to our status as essential workers who are desperately missed.
A gradual re-opening is possible and necessary. For the most part, people have learned the value of social distancing and will carry those principles forward in their business practices.
In our roofing business we, by nature, did not have a lot of face to face interaction with clients before the “crisis.” However, minor adjustments have been made. Phone appointments then estimates without clients present, increased use of email, disinfected information/ samples left on doorsteps, meetings on patios, payment by phone/ credit card, etc. are now a more common practice.
With a common appreciation and respect for fulfilling needs in a healthy manner, we all can move forward with a “new normal.”
I think what the governor is doing is ridiculous. We have the lowest numbers of any state. This is a total overreaction. They need to open things back up as soon as possible. They're taking away the rights of the people they're going to destroy the economy.
These are hard times for everyone. We have all struggled. I personally have supported my employees throughout this epidemic. I wish we would hold off another 60 days to be sure this thing has laid down. I would rather struggle and know that my children my grandchildren and my friends are healthy and safe. This is America we will always have business we will always rise up we will always be strong.
All business should reopen. We need to reopen. We want to reopen. Term limits for 6 years maximum for all congress State and Federal. Remove layers of regulations.
The economy needs to open up before irreparable harm is done to it. We already are causing extreme hardship in so many ways for so many people.
We need to re-open ASAP. If the governors in the Northeast protected the elderly in long term health facilities like Governor DeSantis did in Florida, the death count would be significantly less and the impact of Coronavirus would have been much less and we would be re-opening like Florida is doing, which also closed after Pennsylvania. We must allow those businesses that want to re-open to do so and practice social distancing just like those businesses and stores that are already open. Then those people who are comfortable going to work or shop can do so. It will be a gradual return to normalcy.