53% of SMBs In Transportation Can’t Pay February Rent
Small Business In Transportation Sector Couldn’t Pay February RentThe situation is especially challenging for a few industries, with transportation (car and limo services, taxis, and trucking companies) topping that list. In February, 53% of SMBs in the transportation sector couldn’t pay their rent, up 16 percentage points from January. Q4 2022 hedge fund letters, conferences and more Construction firms are now at a rent delinquency rate of 43% (up 13% over last month), restaurants are at 40% (up 2%), and the automotive industry is at 39% (up 23% over Jan.). Some states are also experiencing h...