Small Business Operators Finding It Difficult To Make Rent
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Small Business Operators Finding It Difficult To Make Rent

Small Business Operators Finding It Difficult To Make Rent

35 percent of small business operators are still finding it difficult to pay their rent in full and on time, says a new report released in December by Alignable. That number is up 3 percent from the previous month. The need for federal funding remains a priority for operators as Covid-19 cases have risen and continue to impact small businesses.

Here are some of the key findings from the research:

  • 35% of U.S. small businesses couldn’t pay their rent this month, up 3% from 32% in November. 
  • Several B2C industries are devastated – 61% of restaurants can’t pay their rent this month. That’s up 19% from 42% in November. 
  • Beauty salons (46%) and travel/hospitality businesses (43%) round out the Top 3 most-affected businesses, but many others are in trouble. 
  • Looking at demographics, minority-owned businesses are suffering the most, as 49% of them reported that they could not afford their rent in December. That figure is 5% higher than it was in November.
  • Women-owned businesses are also struggling (38% of those have not paid their rent, up 3% from 35% last month). 
Published: December 22nd, 2020

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