AutoNation, a retailer worth billions, says it received nearly $80 million in SBA funds

[Igel]

10. The "SBA" loans weren't SBA loans.

They were funneled through the SBA because there were mechanisms for that in place.

It's like the HHS channeling the first tranche of aid to hospitals using the Medicare fund-distribution network. The funds weren't Medicare, needed distributing, and there was a mechanism for getting the money distributed. Why not use it?

As some corporations have said, it was according to the language in the law that the House and the Senate passed and Trump signed. Lots of people said they had sufficient oversight and had vetted the language. Apparently they were wrong--but the response is to blame somebody else when the House and the Senate both agreed to the language.

Still, the loans at $50 M and above were less than 10% of the total. The media don't say that because it's not a fact that supports the message.