Dozens of state programs that help small businesses get needed loans are in jeopardy, CNNMoney.com reported.

Though they cost relatively little to operate and are successful at helping create jobs, many of the programs, which across the nation operate by marrying private lending with state dollars, are running out of cash.

Michigan’s loan program, considered one of the most innovative in the nation, is nearly broke.

“I don’t have a lot of hope that there will be more money available at the state level,” said Greg Main, CEO of the Michigan Economic Development Corp., which operates a few of the programs.

Next month, lawmakers are expected to look at a $1.5 billion State Small Business Credit Initiative, a small provision of the $40 billion small business bill that the states and President Barack Obama have been lobbying Congress to consider.

In the past two years, $40 billion worth of bank loans have dried up.