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 ...
Are PPP loans eligible for loan forgiveness? PPP loans, in whole or in part, are eligible for loan forgiveness if funds were used for certain eligible business expenses. However, if you pay off your loan in full before you apply for forgiveness, you are no longer eligible for loan forgivene...
Wells Fargo Scholarships for People with Disabilities - Applicants with disabilities must be high school seniors or graduates, or current college undergraduates planning to enroll, or who are already enrolled, in undergraduate study at an accredited U.S. two- or four-year college. The program will...
The SBA has offered to all lenders the ability for their borrowers to apply for PPP Loan Forgiveness using the SBAs online system. The only way to apply for forgiveness for a PPP loan from Wells Fargo is either through Wells Fargo's online forgiveness application, or the SBA PPP Direct Fo...
For loans of $150,000 or less If you use Form 3508S, you do not need to submit any documentation in support of PPP loan forgiveness. However, if you are applying for forgiveness for a Second Draw PPP loan, you will be required to provide documentation on your revenue reduction (i.e...