This new SBA has closely scrutinized simply a small portion of PPP fund having fraud and you can forgiveness qualification. The fresh new institution told you it made use of computer system activities to review most of the eleven.cuatro billion fund, but one auditors provides yourself examined just about 215,100000, otherwise more or less dos% of your overall, centered on Patrick Kelley, affiliate administrator into SBA’s Place of work out-of Resource Accessibility.

Of those give-with the studies, from the 21,one hundred thousand had been rejected forgiveness, or approximately 0.2% of all the money, he said. At the same time, the newest College of Texas researchers whom learnt PPP fraud imagine you to the administration speed off chasing after scam musicians is actually “well below 0.1% in every instances.”