Atlanta entrepreneurs enjoy more success, new report indicates

3/17/2011

While small businesses across the country have begun to shift toward growth, fortune seems to be smiling especially brightly on Atlanta, Georgia, entrepreneurs. The Atlanta Journal-Constitution recently reported that the number of businesses in the area filing for bankruptcy dropped considerably in 2010 compared to the previous year.

During the fourth quarter of 2010, only 231 businesses filed for bankruptcy, which the source notes was the lowest number for a three month period since the onset of the recession back in 2008. Bankruptcy filings peaked during the second quarter of 2009, when more than 420 companies in the area went under.

"When the economy turned down late in 2007, the number of small business bankruptcies began to rise gradually, quarter by quarter," the source reports. "They increased every three month period from the summer of 2007 to the summer of 2009, then began a gradual and almost unbroken descent through the end of last year."

With small business lending on the upswing, more entrepreneurs are finding it easier to acquire the funds they need to stay in business. As the economy continues to rebound, the cash flow should similarly improve.