The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Cornwall, England has been christened as the first-ever rural social enterprise zone. Minister for Civil Society Nick Hurd remarked that what was happening in Cornwall was an example to the rest of the United Kingdom.