Permanent Equity

Over five days, we surveyed 336 SMB owners/operators from 43 states. The survey found that the vast majority are getting hurt, and badly. Staff, hours, and reinvestment are being cut. Government aid is helping those who can access it. Entrepreneurs remain long-term optimistic. Example stats: -37.2% have reduced comp/hrs for employees -31.5% are being more aggressive on AR collection... -79.2% applied for gov aid, and 35.7% received it See the analysis and slides here: https://www.permanentequity.com//owner-operator-covid-19-i

We are surveying COVID-19's impact on small to midsized businesses. Please consider participating and passing along: Owner/Operator Survey: https://forms.gle/kf819rwKdMCCS4CU7 Employees: https://forms.gle/SD58AdcQUZhv6JPJA Recently Lost Job: https://forms.gle/WKTSuJZAJqRBDbMeA

We believe in the long-term durability of family businesses, but COVID-19 is not a typical storm. To help, we're launching Safe Harbor, a program for businesses that can responsibly use $3MM+ and are interested in a long-term relationship. Read more here:

https://www.permanentequity.com//what-ffcra-means-for-smal

"We are in the midst of a public health crisis that is causing massive economic disruption. While corporate consequences may be seen in the stock exchanges, the small businesses (less than 500 employees) that employ 59 million Americans are suffering. Demand is collapsing, production is nearing a standstill, and the credit needed to survive is in dwindling supply. Without immediate intervention, this suffering could manifest itself in record levels of unemployment, untenable levels of default in the credit markets, abandoned commercial real estate, and a resulting market of extreme concentration and limited products and services."