GIIN Investors' Council member Morgan Stanley will take advantage of a new program from the Small Business Administration that provides government guarantees for loans that create or retain small business jobs.

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"Morgan Stanley (MS) plans to buy up to $500 million of commercial property loans made to small businesses over the next few years, a move the bank says should help ease credit by allowing community and regional banks that make such loans to move them off their books and make new ones.

"The investment will inject much-needed liquidity into a loan market that has not yet recovered from the financial crisis. Morgan Stanley will buy commercial mortgages made through the Small Business Administration's 504 program, which companies can use to purchase or improve their properties or invest in new equipment. 504 loans, which are partially guaranteed by the government, require businesses to create or retain one job for each $65,000 that the SBA guarantees."

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