Q1 2022 hedge fund letters, conferences and more 33% of all U.S. small businesses (SMBs) could not pay their May rent in full and on time, up 5% from Apr. This is the highest rate of U.S. rent delinquency among SMBs this year.Even more alarming, 56% of minority-owned businesses couldn’t afford May rent, up 20% from Apr. This is the highest rent delinquency rate for minority SMB owners since March 2021.States with the highest rent delinquency rates include MA (42%), GA (40%), NY (35%), CA (35%), MI (35%), & TX (35%). Rates increased dramatically in MA, GA, NY, TX and FL from Apr. to May.Rent is…