A recent report states that many small business owners are failing to pay rent on time due to rising rental amounts, with sectors like education and manufacturing struggling the most.
Rents rose for the fifth straight month in June for small businesses, according to a June 28 report by the small business network Alignable based on a poll of 4,801 owners. “The situation is so intense that nearly four out of 10 small businesses were unable to pay their June rent in full and on time. This rent delinquency rate is tied with April’s as the highest so far this year—39 percent,” the report said. “55 percent say they’re paying more now than they did six months ago. And 16 percent say their rent is over 20 percent higher than it was in January (up 2 percent from last month).”
