If your application for PPP loan forgiveness is denied, you will automatically receive an SBA Loan Review. If your loan is not completely forgiven, you'll receive a statement from Wells Fargo with the amount and date of your first payment for the unforgiven portion. Your PPP loan will ...
If you submitted via Wells Fargo Business Online® we'll let you know when we receive a response from the SBA. If you submitted via the SBA PPP Direct Forgiveness Portal, you can check the status of your forgiveness application by logging into their Direct Forgiveness portal. The term or ...
For each payment of principal, interest, and/or fees that has not been paid in full within 15 (fifteen) days after its due date, you will be assessed a late charge of $15 or five percent (5%) of the amount due, whichever is greater. There are no annual or documentation fees associat...
Account statements, payment receipts or cancelled checks documenting the amount of any employer contributions to employee health insurance and retirement plans included in the forgiveness amount, unless details are included in the third-party payroll service report (if applicable). Average full-time equ...