Over the course of the coronavirus pandemic, the Small Business Administration carried out an extensive effort channeling funding to small businesses facing unprecedented economic challenges. In total, during this period, SBA provided over $1.2 trillion in emergency loans and grants to small businesses [during the coronavirus pandemic]. Two of these SBA Covid era programs, the Restaurant Revitalization Fund and the Shuttered Venue Operators Grant, targeted financial assistance towards businesses that rely on confined gathering places and were thus disproportionately harmed by lockdown policies. (00:18–00:26)
CLAIM
Asserts that the SBA distributed over $1.2 trillion in emergency loans and grants during the pandemic.
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