Table 1.
Survey summary statistics (N = 463).
| Variables | Mean/Frequency |
|---|---|
| Business owner characteristics | |
| Female-owned business | 0.52 (0.50) |
| Married/In a relationship | 0.52 (0.50) |
| Household income ($) | 76,560.48 (51,504.24) |
| Education: College and above | 0.52 (0.50) |
| White | 0.83 (0.38) |
| Rural areas | 0.14 |
| Percent of household income comes from business | 0.53 (0.31) |
| Business characteristics | |
| Family-owned business | 0.40 (0.49) |
| Number of employees | 22.37 (33.13) |
| Operated from home | 0.55 (0.50) |
| Service sector | 0.31 (0.46) |
| Manufacturing and Construction sector | 0.21 (0.40) |
| Profitable before COVID-19 | 0.87 (0.32) |
| Sole proprietorship | 0.58 (0.49) |
| Number of years in operation | 18.12 (22.87) |
| Direct-to-consumer business | 0.73 (0.44) |
| Changes in business operations due to COVID-19 | |
| Closed for more than 24 h due to COVID-19 | 0.51 (0.50) |
| Number of days closed due to COVID-19 | 30.19 (44.80) |
| Changed how served customers | 0.63 (0.48) |
| Changed how procured supplies | 0.56 (0.49) |
| Increased business social media presence | 0.49 (0.50) |
| Changed to online sales | 0.41 (0.49) |
| Percentage of sales changed to online due to COVID-19 | 0.55 (0.38) |
| PPP and EIDL Loans | |
| Applied for PPP loans | 0.30 (0.46) |
| PPP loan approved | 0.70 (0.46) |
| Amount of PPP loan ($) | 139,825.40 (212,511.50) |
| Applied for EIDL loans | 1.18 (0.38) |
| Business owner perception about business sustainability during/after COVID-19 | |
| Perceived time to recover losses due to COVID-19 (months) | 7.00 (8.00) |
| Percent of lost income perception | 0.379 (0.298) |
| Percent of firms with cash flow problems due to COVID-19 | 0.77 (0.41) |
Percentages are reported for dichotomous variables. Means and standard deviations are reported for continuous variables. Standard deviations are in parentheses.