The administration uncovered 562,000 fraudulent small business loans.

Posted by Badlands Media, Oct 21, 2026Checked Nov 2, 2026

Polygraph verdictMixed

Sources: 2 contradict3 support
Said: 1 time·
Confidence: 55%

Badlands MediaOct 21, 2026

The SBA's own release and the Fraud.gov dashboard confirm the administration announced 562,000 suspected fraudulent or delinquent pandemic-era loans, but the SBA says those loans were first flagged during the Biden administration and not sent for collection. The claim's "uncovered" and dropped "suspected" qualifier therefore overstate the administration's role in identifying them, while the figure itself is supported.

A played clip makes this claim. Listeners heard it, so it counts against the post.

What was said

… JD, I think he's been fantastic whenever he does, and eliminated $125 billion in Obamacare subsidies, which is a totally corrupt form of healthcare for foreign migrants. We uncovered 562,000 fraudulent small business loans. Think of it, but not $562,000, $562,000 fraudulent loans, and we cut off funding to hundreds of fake hospice facilities that stole an estimated $1.4 billion, and that number, you can probably multiply times a hundred. …

Badlands Media · Oct 21, 2026· from the transcriptPost →

What we found

Contradicts. The SBA release says these loans were "previously flagged for suspected fraud during the Biden Administration" but never sent to Treasury, which undercuts the claim that this administration uncovered them.[1][3]

Supports. The SBA announced it referred 562,000 suspected fraudulent loans, tied to $22.2 billion in PPP and EIDL loans, to Treasury for collection.[1][4]

Supports. The Fraud.gov dashboard lists the 562,000 borrowers among the administration's fraud efforts and counts the SBA's uncovered fraud at $122.9 billion.[2][5]

Context. The sources describe the 562,000 loans as suspected or delinquent, not confirmed fraudulent, so the claim's wording drops that qualifier.[1][2]