In a meeting with small business owners at the White House today, President Obama and Treasury Secretary Geithner outlined a $15 billion package aimed at helping small businesses obtain credit. Updated video:

The plan calls for the 21 largest banks that receive federal money to report monthly on their lending to small businesses (smaller banks receiving federal dollars will report quarterly).  The plan will also use $730 million from the stimulus plan to reduce loan fees for small businesses, and raise the government guarantee on some Small Business Administration loans to 90%.

In the announcement, Geithner called on banks to start pumping dollars into Main Street (from Reuters):

"We need every bank in the country to do everything in their power to provide the credit that small businesses need to operate, expand and add jobs," Geithner said in remarks prepared for delivery to bankers and small business leaders at the White House. "You need to make the extra effort to make sure that good loans are getting to credit-worthy small business in order to serve the larger public good of moving this nation toward recovery."

Details of the plan are available from the Treasury Department here.  

And you can read a transcript of Sec. Geithner and President Obama's comments here.