“40% of the initial small business funds didn’t go to small businesses at all.”
What PolitiFact found
Biden's definition of “small business” conflicts with that used by the Small Business Administration and the program that administers the loans -- and with how he used the term a moment before this claim.
Their words, from the summary they publish with the rating.
In short
Joe Biden (Democratic presidential candidate) made this claim around 20 May 2020. PolitiFact (United States) looked into it and published its finding on 26 May 2020, 6 days later. Its rating was “Mostly False”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
Where the claim appeared
- YouTube videohttps://youtu.be/Mm-lPC-aXls?t=2804
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.