Alabama Small Businesses: Five Fast Facts

March 5, 2024

Delaney Sexton
Contributing Editor

Alabama Small Businesses: Five Fast Facts

422,586 small businesses made up 99.4% of Alabama businesses.
More than 15,000 small businesses were opened from March 2021 to March 2022.
In 2021, the total reported new lending through loans of $1 million or less was $5.2 billion.
Small businesses accounted for 46% of Alabama employment in 2020, which exceeded the national small business employment share.
80.3% of Alabama exporters are small businesses, and they exported $3.1 billion in products.