WASHINGTON — In an attempt to avoid the stigma of the Troubled Asset Relief Program, President Obama announced Tuesday a separate $30 billion program to help small businesses receive loans from community banks.

Although the plan would use money left over from Tarp, it would not carry the same restrictions, including warrant and executive compensation requirements, according to senior administration officials.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.