Well, firstly, these aren't loans in the traditional sense. The Paycheck protection programme (which is what this funding was) was a scheme where you could borrow money from the government and as long as you use 75% of the money for payroll, and don't lay off any staff for 8 weeks, then the loan is forgiven and you don't have to pay it back.

So the point is that it's actually not a loan, for the people who got the money, it's almost certainly just free money. Which is why people are outraged that the money overwhelmingly went to the well-connected large businesses who had the most resources to weather the storm, and the money ran out for real small businesses.