Treasury Sec'y Tim Geithner said Monday that the Obama administration will launch a plan next week that will provide financing, liquidity and guarantees to open up small-business lending, which is seen as a crucial element of economic recovery.

The size of the program is unclear, but it will come in addition to the Term Asset-Backed Securities Loan Facility, or TALF, which government officials hope will generate up to $1 trillion of lending for businesses and households. - WSJ

That's a good start. Up until now, small business has received a miniscule amount of the stimulus bill funds. Under $800 million has gone to the SBA to date from stimulus funding. And another $28 billion is included in the WH budget to support SBA's lending guarantees.

It's hopeful that this WH sees the role of small business in generating a recovery.


Link to original post