“Eight hundred mil bucks. Here its. You should never repay it.”

This new SBA has actually directly scrutinized simply a small part of PPP money for con and you will forgiveness eligibility. The brand new agency said it utilized computer habits to review all of the 11.4 mil fund, however, one to auditors features by hand reviewed no more than 215,100000, or approximately dos% of full, considering Patrick Kelley, representative administrator on the SBA’s Work environment out-of Financial support Access.

Ones give-towards critiques, about 21,000 were declined forgiveness, otherwise around 0.2% of all the finance, the guy told you.