Business failures are down, but some industries still struggle

04/12/2011 | Grow Smart Biz

Business bankruptcies were down 5% last year, according to D&B, with the highest failure rates seen in transportation, construction, financial services, automotive and manufacturing. Delinquent payments by businesses remained steady at 5%, more than double the rate before the recession began. If your business is in a high-risk industry or a high-risk state, "you'll need to work extra hard to make sure your loan package is impeccable," Karen Axelton writes.

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