Based on latest survey findings from Alignable, the Boston-based small business referral network with over 7 million members, small business owners’ ability to pay rent on time took a 7 percent dive in only one month, reaching 37 percent of U.S. small business owners in October.
Chuck Casto, head of stories and research at Alignable, said that is the most important and most rapid increase in 2022. Furthermore, in September, rent delinquency had reached a six-month low, which was coupled with an optimistic outlook for earning potential as many small business owners reported increased sales.
In its survey of nearly 5,000 small business owners, Alignable revealed reasons for higher rent delinquency coincided with higher rents for 51 percent of SMBs. Moreover, survey...
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