Businesses Didn’t Experience Dramatically Higher Delinquencies during the Pandemic
Average share of business payments that are past due
Source: Urban Institute analysis of data from Dun & Bradstreet.
Notes: The share of business payments that are past due refers to the ratio of dollars that are past their due date compared with the total dollars owed by the company that month. The city average is then calculated giving equal weight to each firm in the city. We have a similar process for the national averages; however, these use weights to correct for oversamples in our national data. To conduct a robust time trend analysis, we selected only businesses with at least three monthly business trade payments due, which means we excluded very small businesses from the sample.