Ok, so I’ll label myself biased right off the bat, but when an idea is great, you just have to get the word out.

The point of the $700 billion dollar bailout was to ease the pressure on the banks and free them up to extend credit to Small to Medium Businesses (SMBs) in order to keep our economy moving in the right direction. With all the money being thrown at large corporations with little to no effect, SMBs are feeling the squeeze more than ever. In short, banks still aren’t providing loans and SMBs aren’t getting the credit they need to keep their businesses running.

Andrew Field, CEO and Founder of PrintingForLess.com and contributor to this blog was featured in Forbes.com today outlining his idea for providing loans to SMBs who keep and create jobs.

The essence of the plan is to preserve and increase small-business jobs by letting them be used as the security for low-interest loans. Make available to small businesses $20,000 in unsecured loans for each full-time employee … The proposed plan would immediately halt the loss of jobs in the SMB sector and keep alive many businesses that suffer from the sudden drop in revenues …

Andrew’s article has caught the attention of Montana’s own Max Baucus as well, one of our US Senators and chairman of the Senate Finance committee.

The plan is simple, smart, seems easy to implement and more importantly, is desparately needed to keep the engine of our economy going. If you like what Andrew has to say, particularly if you’re a small to medium business owner, be sure to let your elected officials know.