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Kelly Loeffler: “Small businesses, which make up 99% of all businesses in…”

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 03:29

That's a lot now. It was a lot of money. But what the federal government had asked the country to do was to shut down their businesses to stay home. And Small businesses, which make up 99% of all businesses in this country that employ nearly half our workforce, there's 36 million of them now. a record number under President Trump. But these businesses were told to cease operations. It was devastating and would have been even more devastating had that federal assistance not come out. (03:29–03:38)

CLAIM

Asserts that small businesses make up 99% of all U.S. businesses and employ nearly half the workforce.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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