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The Offers of ‘Stimulus Loans’ That Can Be Found Online Have No Connection to Any Government Programs

As a means of mitigating the adverse effects of the epidemic on the American economy, three separate payments in the form of stimulus have been distributed.

Posts on social media platforms are currently spreading a misleading claim about a brand new $40,000 federal stimulus loan. However, this is really a marketing gimmick.

At the very bottom of the website is the following disclaimer: “This is not a government program, nor is it government aid; rather, this is an advertisement for a loan service.”

On the other hand, some posts on social media perpetuate the myth that eligible Americans will get “up to $40,000” as a result of a new stimulus loan made available by Vice President Joe Biden.

However, the federal government is not behind these loan opportunities, nor are they connected to any government programs in any way.

A link to a fake article was included in a message that was posted on Facebook on July 26. The fake article had a misleading headline that read, “Biden New Stimulus Loans Up To $40,000 To Help Americans Pay Bills, Rent, Start Businesses, Or Make Large Purchases.”

stimulus

The link in the Facebook post takes users to a webpage on the website foramericanlife.com, which encourages visitors to check to see whether they are qualified for the “2022 Stimulus Loan.”

The fabricated report claims things like, “Millions of Americans are now rushing to apply before the money runs out and huge banks are worried!”

Another Facebook post published a link to the same inaccurate story with a similar title and a different photo of Biden that falsely announces a “Biden New Initiative” that grants Americans “stimulus loans up to $40,000.”

The photo of Biden is different from the one used in the original article. The link takes you to a separate website that may be found at greatamericancenter.com.

However, at the bottom of both pages, it states that “This is not a government program nor is it government aid, this is an advertorial for a loan service.”

And when you click on the “Get 2022 Stimulus Loan” button that is located at the bottom of the stories on both websites, users are redirected to redarrowloans.com, which is a website that purports to give loans and other credit products.

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These posts are an example of a trend that we have observed recently, which consists of posts that imitate news items or employ fabricated celebrity endorsements in an attempt to draw in new clients.

We published an article in February about a post that was spreading misinformation regarding stimulus checks earlier this year by sharing an old video of a White House official that had been found online.

(For additional information, please refer to our post titled “Social Media Posts Use Old Video of White House Official to Make False Claim About Stimulus Checks.”)

In another post, the author links to a website that pretends to be a CNN article to advertise the sale of cannabidiol candies, which are an edible form of a substance that may be found in marijuana.

(For additional information, see our story from January titled “Fake Article Falsely Links Dr Sanjay Gupta to CBD Products.”)

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