evidence: A total of $1.36 trillion of COVID-19 relief funds have been allocated to various programs that provide support to small businesses. Of that, about $1.31 trillion have been committed or disbursed. Much of the unspent funding is in the Economic Injury Disaster Loans (EIDL) program, which provides low-interest loans to qualifying businesses affected by the pandemic. As of November 4, the Small Business Administration has disbursed $293 billion for EIDLs, which is about 95 percent of the estimated $310 billion in loans that CRFB estimates the program can support. The Infrastructure Investment and Jobs Act rescinded $14 billion of unobligated subsidies for EIDL, which reduced the amount authorized under that program by $165 billion. A number of other loan and grant programs, such as the Shuttered Venues Operators Grant and the State Small Business Credit Initiative, also account for some of the unspent funds. The Paycheck Protection Program, the largest COVID-related program targeting small businesses, expired in May and therefore does not contribute to the estimate of remaining funds.