{"id":1576747,"date":"2022-07-28T13:40:11","date_gmt":"2022-07-28T17:40:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576747"},"modified":"2022-07-28T13:40:22","modified_gmt":"2022-07-28T17:40:22","slug":"fact-check-did-the-biden-administration-announce-that-40000-stimulus-loans-are-available","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fact-check-did-the-biden-administration-announce-that-40000-stimulus-loans-are-available\/","title":{"rendered":"FACT CHECK: Did The Biden Administration Announce That $40,000 \u2018Stimulus Loans\u2019 Are Available?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffact-check-did-the-biden-administration-announce-that-40000-stimulus-loans-are-available%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576747&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-81027626-scaled-e1614882130975.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>A post\u00a0<a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02vkppQr5Kh1UUFoc8zjuQ11SmYykDpxG7DunQ427J1y6Q8vFGpTZTneGshp9e2BdKl&#038;id=100866245997686\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.facebook.com\/permalink.php?story_fbid%3Dpfbid02vkppQr5Kh1UUFoc8zjuQ11SmYykDpxG7DunQ427J1y6Q8vFGpTZTneGshp9e2BdKl%26id%3D100866245997686&#038;source=gmail&#038;ust=1658931355183000&#038;usg=AOvVaw1ViJEdaITCyqrDJ9IbfHmJ\">shared on Facebook<\/a> claims the Biden administration announced the availability of $40,000 \u201cstimulus loans.\u201d<br \/><span><strong>Verdict: False<\/strong><\/span><\/p>\n<p>There is no evidence to suggest the Biden administration has announced the availability of any \u201cstimulus loans.\u201d<\/p>\n<div>\n<p>The Facebook post, which has been shared more than 80 times, claims the Biden administration announced and is currently receiving applications for $40,000 stimulus loans. \u201cWe\u2019ve been waiting for this and CNBC just announced it! Stimulus Loans up to $40,000 are finally available,\u201d reads part of the post.<\/p>\n<p>However, there is no evidence to suggest that these loans are available or exist. If the Biden administration had made any such announcement, media outlets would have reported on it, yet <a href=\"https:\/\/www.google.com\/search?q=%2440%2C000+biden+stimulus+loans&#038;biw=1440&#038;bih=821&#038;tbm=nws&#038;ei=L_bfYur7G7auptQPq_yR6Ac&#038;ved=0ahUKEwiqz_aR3pb5AhU2l4kEHSt-BH0Q4dUDCA4&#038;uact=5&#038;oq=%2440%2C000+biden+stimulus+loans&#038;gs_lcp=Cgxnd3Mtd2l6LW5ld3MQA1A8WK4KYNIMaABwAHgAgAFRiAHjAZIBATOYAQCgAQHAAQE&#038;sclient=gws-wiz-news\" target=\"_blank\" rel=\"noopener noreferrer\">none have<\/a>. Check Your Fact searched the <a href=\"https:\/\/www.whitehouse.gov\/?s=stimulus+loans\" target=\"_blank\" rel=\"noopener noreferrer\">White House<\/a> and <a href=\"https:\/\/www.irs.gov\/site-index-search?search=stimulus+checks&#038;field_pup_historical_1=1&#038;field_pup_historical=1\" target=\"_blank\" rel=\"noopener noreferrer\">Internal Revenue Service<\/a> (IRS) websites but found no press releases or announcements about the $40,000 stimulus loans.<\/p>\n<p>The post claims CNBC reported on the alleged announcement but this appears to be inaccurate. There is no mention of the purported loans on CNBC\u2019s <a href=\"https:\/\/www.cnbc.com\/search\/?query=stimulus%20loans%20%2440%2C000&#038;qsearchterm=stimulus%20loans%20%2440,000\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a> or on the outlet\u2019s verified <a href=\"https:\/\/www.facebook.com\/profile\/100059742060475\/search\/?q=stimulus%20loan\" target=\"_blank\" rel=\"noopener noreferrer\">social<\/a> <a href=\"https:\/\/twitter.com\/search?q=stimulus%20loan%20(from%3ACNBC)&#038;src=typed_query\" target=\"_blank\" rel=\"noopener noreferrer\">media<\/a> accounts.<\/p>\n<p>\u201cI cannot find anything on our end that backs up that site\u2019s claim,\u201d said Erin Kitzie, CNBC\u2019s director of public relations, in an email to Check Your Fact. <strong><a href=\"https:\/\/checkyourfact.com\/2022\/07\/22\/fact-check-social-security-check-increase\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: No, People Born Before 1957 Are Not Eligible To Receive Thousands More On Their Social Security Checks)<\/a><\/strong><\/p>\n<p>The Biden administration sent $1,400 stimulus checks to Americans making under $75,000 as part of the American Rescue Plan beginning in March 2021, according to the <a href=\"https:\/\/www.whitehouse.gov\/american-rescue-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\">White House<\/a> website. The CARES Act, which passed during the Trump administration, also <a href=\"https:\/\/www.latimes.com\/politics\/story\/2020-03-26\/coronavirus-stimulus-package-versus-recovery-act\" target=\"_blank\" rel=\"noopener noreferrer\">provided<\/a> Americans with $1,2000 checks and allowed businesses to receive loans under the Paycheck Protection Program.<\/p>\n<p>This is not the first time Check Your Fact has debunked claims about the government giving out large sums of money. Check Your Fact recently <a href=\"https:\/\/checkyourfact.com\/2022\/07\/22\/fact-check-social-security-check-increase\/\" target=\"_blank\" rel=\"noopener noreferrer\">debunked<\/a> a claim that Social Security was increasing payments by $1,728.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A post\u00a0shared on Facebook claims the Biden administration announced the availability of $40,000 \u201cstimulus loans.\u201dVerdict: FalseThere is no evidence to suggest the Biden administration has announced the availability of any<\/p>\n","protected":false},"author":68,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1576747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1576747"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1576747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1576747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1576747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}