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10 States Where New Businesses Are Most Likely to Turn Into Employers
Monkey Business Images // Shutterstock Nearly 434,000 people applied for business applications nationwide in April 2023, according to Census Bureau data. Of them, only about 1 in 3 were deemed likely to become employers. Small businesses are the nation’s most common enterprises and employ nearly half of private workers, according to the Census Bureau. But […]
How Much Capital Funding Do Small Business Owners Need? An Industry-By-Industry Breakdown
Canva The average U.S. business spent $206,383 on capital expenses in 2021, but some types of businesses are more expensive to operate—and more capital-intensive than others. Whether a business requires brick-and-mortar space, is run online, or consists of providing services is one key factor in determining the amount of capital funding needed. There are many […]
States Where Small Businesses Have the Highest Rates of Survival
Rido // Shutterstock If you’re thinking of starting a business, you might want to give some consideration to location. In which state would you have the best chance of success? Iowa tops the list, followed by Wisconsin, South Dakota, Kentucky, and Minnesota. And the worst? The state of Washington. The vast majority of small businesses […]
New Companies Have Nearly Doubled Small Business Administration Borrowing Since 2020
giggsy25 // Shutterstock The first two years can make or break a business. About 75% to 85% of companies typically make it through their first year. If they succeed for that long, their survival rates tend to rise with each passing year. As startups ramp up operations and start building a customer base, funding is […]
How Small Businesses Plan to Prepare for a Recession
Follow Focus // Shutterstock As the U.S. economy falters and the specter of a possible recession looms large, small business owners may want to prepare for such an event before it hits to reduce the impact of a potential financial slowdown. As Americans prepare for a possible economic downturn, altLINE compiled five strategies from news […]
How Business Survival Strategies Compare During Recessions Versus COVID-19
bluedog studio // Shutterstock Only some companies that survived the COVID-19 crisis can use the same blueprint for the next economic downturn. To compare business strategies for surviving the recent COVID-19 crisis and a typical recession, altLINE analyzed research from the World Bank, data from the Federal Reserve, and news reports. A recession is usually […]
The Southern Bank Celebrates 80 Years – Then & Now
The Southern Bank Company, a full-service bank based out of Gadsden, AL is pleased to announce that 2017 will be its 80th anniversary. The bank has branch locations in Gadsden, Guntersville, Albertville and Centre, with a specialty commercial lending division, altLINE, operating out of Birmingham. The bank would like to thank the community for great […]
GA Staffing Association Putting Champs!
Thanks to everyone who came out to The Southern Bank’s Putting Contest at the Georgia Staffing Association‘s 16th Annual Golf Tournament! It was a great afternoon of golf and networking with many members and guests of the GSA. Congratulations to Charles Creech, of Synergy Insurance, and Mike Mitchell, a guest of EmployBridge, for winning The […]
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