Reid Gets Victory on Stimulus II

Actually, the government has a loan program called an ARC Loan. However, they give it directly to the banks. Max is for $35,000 with no interest. No payments for the first year and the balance is due over 5 yrs.

Here's the kicker...they don't give it to you all at once. They put it in your bank at $5000 per month increments for 7 months. What banks have been doing is keeping the money to pay for loans that a business may have with THAT bank. You can't use the money to pay any other bills. Helps some but the banks more.