“Bailout” is the latest buzz word to bust its way into the nation’s daily vocabulary. Everyone’s talking about the hundreds of billions of dollars being set aside to help stabilize our dire economic state, and now small businesses are getting in on the action.

Early last week U.S. government officials announced that a portion of the government’s broader bailout package, up to $200 billion, will be lent to institutions that originate consumer loans and business loans backed by the Small Business Administration. This part of the package is meant to create liquidity and prompt lenders to go back to lending to consumers and businesses.

Whether or not this most recent effort to save struggling small businesses will actually do the trick is still unknown. But at least it is a step in the right direction and shows how much Washington understands the current situation of the small business owner.

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