Businesses owned by private investigators have overwhelming slowed down since the coronavirus struck.
However, most PIs have not received stimulus money from the government to help keep them going, according to the results of a national survey conducted by Ross Private Investigators.
Some 87 percent of respondents said they had applied for loans and grants offered by the federal government.
But of the respondents who applied, 60 percent said they had not received any money from the Paycheck Protection Plan (PPP) and 76 percent had not received money from the Economic Disaster Injury Loan (EDIL) Advance.
Some 84 percent said they had applied for both the PPP and the EDIL Advance but had not received money from both of the grants as of yet.
On May 19, Ross Private Investigators sent 10 survey questions to a number of Yahoo Group listservs dedicated to the private investigation industry across the US. In total, 23 PIs responded over two days. Answers were anonymous.
Here’s what PIs had to say:
However, not everyone was unhappy as several PIs said the money had been helpful.
Survey respondents gave mixed responses when they reported back on whether or not the pandemic had hurt their businesses and if the stimulus money had helped.
Regarding the question of whether the pandemic had hurt their businesses, some 87 percent of respondents said “yes” it had.
But another question asked if the stimulus money had been helpful. Some 52 percent said “yes” and 48 per cent said “no.”
Several PIs also complained they missed out on loans and grants because they were sole proprietors.
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