Allen borrows $500k for Senate race in Virginia

Local,Virginia,Steve Contorno

Republican George Allen borrowed $500,000 to bolster his U.S. Senate campaign in the final days before the election.

Allen, who has trailed Democrat Tim Kaine in fundraising since last year and lags behind Kaine in the polls heading into the race's final week, reported that he took out the line of credit in a campaign-finance report to the Office of the Secretary of the Senate.

Allen aides said the 11th-hour infusion of cash shouldn't be seen as a bailout of the campaign. The line of credit is being used to manage cash flow as campaign contributions made by credit card come in, the campaign said. There is no expectation Allen will be in debt after Nov. 6 as a result of the maneuver, the campaign said.

"The campaign took out a line of credit to have maximum flexibility to access funds we continue to raise online and through credit card donations," spokeswoman Katie Wright said. "This race will come down to the wire, the momentum is on our side and we feel good about our position as we head into the final weekend."

A poll released Wednesday showed Kaine leading Allen 50 percent to 44 percent. Kaine also announced an additional $2 million media buy thanks to late donations that brings his total to $9.5 million this cycle. Allen has spent $7 million this fall but has been aided by outside groups that have made Kaine the second-most targeted Senate candidate in the country.

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