Over 41% Of Small Businesses Can’t Pay Rent This Month

Forty-one percent of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year, according to a new study.

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.”

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