© Reuters. SUBMIT IMAGE: A closed barber store is shown throughout the outbreak of the coronavirus disease in California
By Ann Saphir
( Reuters) – U.S. mentions hit hardest by COVID-19 had some of the most significant dives in small business loan defaults given that the beginning of the pandemic, and some of the highest rates of default in general, according to data offered to Reuters on Friday by PayNet, a division of credit tracking business Equifax Inc (NYSE:-RRB-.
For a graphic of the top 10 states by default rates in June, please see https://tmsnrt.rs/33 l88 TU.
For a graphic of the top 10 states by rise in default rates because February, please see https://tmsnrt.rs/30 eZ0hW
From February, prior to the scourge, to June, the most recent data readily available, defaults amongst small businesses increased fastest in New York, where the illness has actually eliminated more people than in any other state.
Louisiana, the state with the highest per-capita case count as of completion of July, had the fourth-highest default rate among small companies, the PayNet data shows.
Florida, with the fourth-highest per-capita COVID-19 case count, had the greatest default rate of any state, at 4.29%.
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