Newly released small business survey data shows that an alarming number of businesses are unable to pay rent.
Alignable released its monthly small business report for October which showed 37% of American small business owners were unable to pay rent on time or in full last month. That is up from 30% who said the same the month before.
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Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey.
The small business network company Alignable released the survey Wednesday. It found that 63% report putting hiring on hold “because they can’t afford to add staff, and 10% of that group is laying off workers.”
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Nearly half of American small business owners say they are at risk of closing down this fall, according to new survey data.
The small business network Alignable released the survey, which found that “47% of small business owners … say their businesses are at risk of closing by fall 2022, unless economic conditions improve significantly.”
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