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Half of all US minority-owned small businesses couldn't afford rent in April

Article by Sara Lebow  |  May 12, 2021
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Half of all US minority-owned small businesses couldn't afford rent in April
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Topics
Small Business (SMB)
Ethnicity & Race
Females
United States

For more insights and key statistics on the biggest trends in today's most disruptive industries, subscribe to our Chart of the Day newsletter.

More than 50% of US minority-owned small businesses (defined as having fewer than 300 employees) were unable to afford rent in April 2021. Comparatively, 31% of non-minority-owned US small businesses were unable to afford rent in the same time period.

US Small Business Owners Unable to Afford Rent in April 2021, by Owner Demographics, April 2021 (% of respondents)
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