- June 24, 2021
- Posted by: Stratford Team
- Category: Business
More than half of minority-owned small businesses and more than a third of small businesses overall said they had trouble paying rent in June — and customers are not flocking back fast enough as Covid-19 ebbs.
The findings come from a survey by small-business network Alignable, which recently polled 3,814 businesses about their rent status. About 53% of minority business owners said they had trouble paying rent in June, up 8 percentage points from May and disproportionately higher than the 37% of small-business owners overall who reported having trouble paying rent.
“The one word answer is access. Greater access leads to greater outcomes, whether it’s access to financial resources, business services, suppliers or other business owners with whom one can network, and minority-owned businesses have never been working on a level playing field,” said Alignable CEO and Co-founder Eric Groves in an email.
Read the full story on cleveland.com’s sister…
