HeraldNet: TARP extended for small business, community lending



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The Storefront

December 9, 2009

TARP extended for small business, community lending

Posted at 1:40 pm by Amy Rolph

The federal government will extend its $700 billion financial bailout by 10 more months, but this time U.S Treasury Secretary Timothy Geithner said big banks won't benefit.

The Troubled Asset Relief Program will last through October 3, 2010 to provide a lifeline to housing and small business, Geithner said. He doesn't expect the program to cost more than $550 billion. Read more about the plan in the Wall Street Journal.

Know a small business you think we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.

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