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Special Questions

Special Questions

August 2020

For this survey, respondents were asked supplemental questions on the impacts of the coronavirus (COVID-19). Data were collected August 4–12, and 65 financial institutions responded to the survey.

Results Tables

Over the past six weeks, have you observed an increase in draws on existing commercial credit lines that you would attribute to the coronavirus (COVID-19)?

  March '20
(percent)
May '20
(percent)
June '20
(percent)
August '20
(percent)
Yes 24.6 37.1 18.6 12.7
No 75.4 62.9 81.4 87.3

NOTE: 63 responses.

Over the past six weeks, have you made any of the following SBA loans to businesses adversely impacted by the coronavirus (COVID-19)? Please select all that apply.

  May '20
(percent)
June '20
(percent)
August '20
(percent)
Paycheck Protection Program (PPP) loans 80.6 80.6 79.7
Traditional SBA loans 4.5 15.3 8.5
SBA Express bridge loans 1.5 2.8 1.7
We are not making SBA loans 19.4 18.1 20.3

NOTE: 59 responses.

Are you participating or planning to participate in any of the Main Street Business Lending Facilities?

  June '20
(percent)
August '20
(percent)
Yes 5.5 10.9
No 45.2 68.8
Don’t know/haven’t decided yet 49.3 20.3

NOTE: 64 responses.

What share of your loan volume is currently on payment deferral due to the coronavirus (COVID-19)?

  June '20
(percent)
August '20
(percent)
Total loans 14.5 11.3
Commercial and industrial loans 7.2 5.1
Commercial real estate loans 12.7 11.6
Residential real estate loans 4.7 2.7
Consumer loans 4.5 2.6

NOTES: 60 responses. Shown is the trimmed mean with the lowest and highest 5 percent of responses omitted.

What are the top three types of businesses that are seeking loan modifications, including but not limited to payment deferrals?

  August '20
(percent)
Accommodation and food services 69.0
Real estate and rental and leasing 67.2
Retail/wholesale trade 37.9
Professional and business services 17.2
Other services (personal and laundry services, repair and maintenance, etc.) 12.1
Health care and social assistance 10.3
Mining (oil and gas, etc.) 10.3
Construction 5.2
Agriculture 3.4
Manufacturing 1.7
Educational services 0.0
Other 17.2

NOTES: 58 responses.

Questions regarding the Banking Conditions Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.

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