An analysis by Experian ranking the top metropolitan statistical areas in four key business credit categories found that the New York metro area had the lowest bankruptcy rate in the nation.

Experian's Metro Business Pulse looked at metrics such as loan delinquency rates, the number of days businesses pay their bills beyond contracted terms, commercial risk scores and bankruptcy rates.

Finding from the second quarter ended June 30 revealed that the New York metro area had the lowest business bankruptcy rate at 0.28%, while Sacramento, Calif., area businesses had the highest at 2.41%.

The analysis showed that San Francisco-area businesses topped the list for how fast businesses pay their bills, doing so an average 3.2 days beyond contracted terms.

Businesses in the Omaha, Neb. (3.54 days); New York (3.57 days); Seattle (3.58 days); and Milwaukee (3.61 days) areas rounded out the top five with the least number of days beyond term.

On the slower side, businesses in the Fort Myers, Fla., area, took the longest to pay their bills, averaging 18.04 days beyond contracted terms, followed by the Orlando, Fla. (14.02 days); Las Vegas (12.18 days); Miami (10.58 days); and Fort Lauderdale, Fla. (9.78 days) areas.

Findings from the second quarter analysis also showed that businesses in the Salt Lake City area had the lowest delinquency rates at 0.92%, followed by the Boise City, Idaho; Houston; San Diego; and Tucson, Ariz., areas.

Conversely, major metropolitan areas in Florida made up four of the bottom five for business delinquency rate, with the Miami area having the highest delinquency rate at 44.72%. The other areas in the bottom five included Fort Myers, Orlando, Fla., Cincinnati, and Fort Lauderdale, Fla.

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