Report: 41% of small businesses can't pay rent this month
Need a Funder or Vendor? START HERE

Results 1 to 12 of 12
  1. #1
    Senior Member Reputation points: 31326
    Join Date
    Apr 2018
    Posts
    178

    Report: 41% of small businesses can't pay rent this month

    https://www.washingtonexaminer.com/n...ent-this-month

    SMALL BUSINESSES STRUGGLE: More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.

    A survey found 57% of beauty salons, 45% of gyms, 44% of retail stores, and 44% of restaurants said they can't make rent.

  2. #2
    Senior Member Reputation points: 8357
    Join Date
    Aug 2019
    Posts
    141

    The Economy is tanking, and there will be a hard crash very soon. Many funders are having huge trouble with defaults as well. usually the higher risk the lender, the more defaults. The pickle juice funding and fruit salad capital types are going to get crushed.

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  3. #3
    Quote Originally Posted by simonwein12 View Post
    The Economy is tanking, and there will be a hard crash very soon. Many funders are having huge trouble with defaults as well. usually the higher risk the lender, the more defaults. The pickle juice funding and fruit salad capital types are going to get crushed.
    wow such deep insight!! you should start a podcast bud...

  4. #4
    Senior Member Reputation points: 8357
    Join Date
    Aug 2019
    Posts
    141

    Quote Originally Posted by futzer1818 View Post
    wow such deep insight!! you should start a podcast bud...
    I have a rule, Always avoid people who use the words “bud” and “pal”

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  5. #5
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    631

    My rule is no rules.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  6. #6
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    631

    Quote Originally Posted by happyman View Post
    https://www.washingtonexaminer.com/n...ent-this-month

    SMALL BUSINESSES STRUGGLE: More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.

    A survey found 57% of beauty salons, 45% of gyms, 44% of retail stores, and 44% of restaurants said they can't make rent.
    You never use renters for statistics.. Landlords data is best and its not reflecting anywhere near this report. Would be like getting MCA industry stats on performances / defaults based on merchants response to a survey.
    Last edited by MCA-VET; 11-30-2022 at 02:21 AM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  7. #7
    Senior Member Reputation points: 122242 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    728

    Quote Originally Posted by simonwein12 View Post
    I have a rule, Always avoid people who use the words “bud” and “pal”
    Same goes for "Boss" or "Bro" or "Chief"
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  8. #8
    Senior Member Reputation points: 97075
    Join Date
    Jun 2015
    Posts
    754

    We at Pickle Juice funding are going stronger than ever.

    Our fees are steadily increasing due to inflation. (We recently added two brand new fees, which are becoming a popular part of MCA. 1. The upfront “Inflation Fee”. 2. The famous NPFS fees, Non Professional Service Fees)

  9. #9

  10. #10
    Senior Member Reputation points: 122242 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    728

    Quote Originally Posted by SmartAdvanced View Post
    We at Pickle Juice funding are going stronger than ever.

    Our fees are steadily increasing due to inflation. (We recently added two brand new fees, which are becoming a popular part of MCA. 1. The upfront “Inflation Fee”. 2. The famous NPFS fees, Non Professional Service Fees)

    That's a big dill, where do I sign up?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  11. #11
    LANDLORD VERIFICATIONS.............................The good ol days lmfao!!!!!!

  12. #12
    Senior Member Reputation points: 39236
    Join Date
    Oct 2014
    Location
    Naples, FL
    Posts
    470

    Quote Originally Posted by Jonathon View Post
    I got one today... from Ondeck! BOOM!

    I told them I'd send 3 months of rent checks, they were like - nah - only need 1.

    New school kids...

    How about getting the landlord on the phone, remember that? How about for your spanish speakers? LMAO.

Similar Threads

  1. Small-businesses-failed-pay-rent-October ?
    By MCA-VET in forum Merchant Cash Advance
    Replies: 6
    Last Post: 11-02-2022, 04:29 PM
  2. 40% of Small Businesses destroyed by lockdowns
    By Cashyew in forum Merchant Cash Advance
    Replies: 0
    Last Post: 06-14-2021, 11:20 AM
  3. 40% of Small Businesses destroyed by lockdowns
    By Cashyew in forum Merchant Cash Advance
    Replies: 0
    Last Post: 06-14-2021, 11:10 AM
  4. Cali & NY = Lots of Small Businesses
    By HDF in forum Merchant Cash Advance
    Replies: 1
    Last Post: 03-21-2017, 02:38 PM
  5. Dealstuck for Small-sized Businesses
    By Fundyman in forum Deal Bin
    Replies: 7
    Last Post: 03-03-2016, 03:57 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY