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Local AZ Survey Results from the East Valley Chamber of Commerce Alliance (EVCCA)

Today, May 8, the East Valley Chamber of Commerce Alliance published its survey results from Business Owners responses as of April 20, 2020.

Finding Summary:  

  • 47% of respondents said they’ve implemented employee furloughs or layoffs, while just over one-third (35%) reduced employee hours.
  • Loans and debt relief continue to be top of mind. 
  • 60% said they had applied for an Economic Injury Disaster Loan (EIDL), however only 9% stated they were approved.
  • Almost ¾ (74%) applied for the Paycheck Protection Program (PPP) loans, with just 1 in 4 (25%) reporting they were approved.
  • Almost half (46%) of respondents stated they had been waiting for 2+ weeks for a response to a loan application.
  • Additionally, 37% of respondents had received rent reduction or deferment, while one in ten (11%) noted their landlord or lienholder refused to negotiate.
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