Recovery Sign? SMB Rent Problems Improve Dramatically
This shift of ten percentage points is encouraging news and could mark the beginning of a shift toward a stronger recovery for small businesses – if this trend continues into the rest of Q4. Rent Problems For Small Businesses ImproveWhile it’s still important to point out that 30% or nearly one-third of small businesses were unable to afford their full rent in September, this is the best rent delinquency rate for small businesses that we’ve seen since April 2022. Over the past year, the best rent delinquency rate, 26%, emerged after the holiday rush in December 2021. Q2 2022 hedge fund letters...