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Kelly Loeffler: “$1.2 trillion in federal funds went out through the SBA…”

Featuring: Kelly Loeffler, Republican | Administrator, U.S. Small Business Administration | National

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$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler

Published | Video Starts at 03:06

Can you just kind of unpack that a little bit for me? Absolutely. So this. This was very much driven during COVID We saw that $1.2 trillion in federal funds went out through the SBA. That was in the form of the Paycheck Protection Program and the Economic Injury Disaster Loan Program. Tell me that number again. $1.2 trillion. That's a state. That's a lot now. It was a lot of money. (03:06–03:17)

CLAIM

Asserts that $1.2 trillion was distributed through SBA programs during COVID.

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