A COVID-19 Questionnaire is required by lenders to assess how the pandemic has impacted your business. It helps them understand any changes to your operations and financial performance, and it’s often needed when applying for loans or relief programs.
The lender provides the questionnaire to gather details about your business’s challenges during the pandemic.
This document should include:
Revenue changes due to COVID-19: How the pandemic affected your income or sales.
Details of any government assistance received: Information on any financial support you’ve received, like grants or loans.
This helps lenders understand your situation and determine your eligibility for financial assistance.