COVID-19 – May Update

1. What type of Rental Business do you have?
General Rental: 38% (11 responses)
Party Rental: 38% (11 responses)
Both: 24% (7 responses)

2. Are you open?
Answered: 17 Skipped: 12
Yes: 53% (9 responses)
No: 47% (8 responses)

3. Have you seen more inquiries for party rental items?
Yes: 12% (2 responses)
No: 88% (15 responses)

4. Have your received future party reservations?
Yes: 47% (8 responses)
No: 53% (9 responses)

5. If you have received future party reservations, which months (check all that apply)?
January: 20% (2 responses)
February: 20% (2 responses)
March: 10% (1 response)
April: (0 responses)
May: 10% (1 response)
June: 30% (3 responses)
July: 10% (1 response)
August: 60% (6 responses)
September: 50% (5 responses)
October: 50% (5 responses)
November: 20% (2 responses)
December: 10% (1 response)

6. Since the April survey, has your company seen any of the following?
Less customer demand: 40% (10 responses)
The same customer demand: 24% (6 responses)
More customer demand: 36% (9 responses)
Additional comments:
1. Gresham, Oregon: The weather has been great and with all the stay home workers been real busy, best March and April.
2. As of 5-1, Tool up 4 Party down 28.
3. Zero.
4. The same, which is none.
5. Lawn and garden segment up.

7. Since the April survey, if you reduced your operating hours, have you:
Increased: 21% (5 responses)
Stayed the same: 33% (8 responses)
Closed: 21% (5 responses)
Did not reduce operating hours: 17% (4 responses)
Additional comments:
1. “Stayed the same” and “Did not reduce operating hours” seem to be the same thing to me. We
started closing on Sundays (April only). Have since May 1st gone back to 7 days a week.
2. Going from 3pm to 5 on Saturdays.
3. Still closed.

8. How many employees have you brought back to work since the April survey?
1. Never laid any off, could use more.
2. All that we furloughed.
3. 0, bringing on 2 for the next 8 weeks for PPP.
4. 8.
5. 0 (11 responses).
6. No change.
7. None, nobody was laid off.
8. All.
9. No adds.
10. 5.
11. 1.
12. 3.

9. How much do you think your company’s revenue will drop in 2020 because of COVID-19?
Less than 10%: 16% (4 responses)
10% - 30%: 40% (10 responses)
30% - 50%: 16% (4 responses)
More than 50%: 28% (7 responses)

10. How long do you believe the effects of COVID-19 will hurt your business?
1 to 6 months: 24% (6 responses)
6 to 12 months: 24% (6 responses)
12 to 18 months: 32% (8 responses)
More than 18 months: 12% (3 responses)
Additional comments:
1. Hasn’t hurt yet, just not renting out any tables or chairs.
2. Fall.

11. Have you applied for the SBA Paycheck Protection Program (PPP)?
Yes: 76% (19 responses)
No: 20% (5 responses)
Additional comments:
1. Got it, not sure will use it.
2. Not sure.
3. Funded 5-6.
4. Got it. Thanks God.
5. Too much trouble.

12. Have you signed loan documents?
Yes: 89% (16 responses)
No: 11% (2 responses)

13. Are you satisfied with the amount?
Yes: 78% (14 responses)
No: 22% (4 responses)

14. Do you believe it will help?
Yes: 89% (16 responses)
No - Too little too late: 11% (2 responses)No - Too little too late

15. SBA PPP comments:
1. Didn’t make the first round. Had apps in with 3 banks, 2 approvals with SBA numbers on the same day. Chose the bank that I do not have an account with that was recommended. Sent a cashiers check via Fed Ex. And the winner is First Choice Bank, Orange County, CA. #2: Bank of the West, and a distant 3rd: Wells Fargo.
2. Would love 50% payroll necessary instead of 75% so we could upgrade some equipment.
3. Have not received anything yet, signed on April 8, 2020.
4. Will probably need more in the next few months.
5. Thanks, Farmers and Merchants Bank.
6. Received check today.
7. No payment yet.