The study was released by the small business network group Alignable and found that the hardship varies by industry.
Fifty-seven percent of beauty salons said they couldn’t make rent, compared to 45% of gyms, 44% of retail and 44% of restaurants.
“Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,” Alignable said. “But so far this quarter, the opposite has been true.”
Share This Article: