Paycheck Protection Program Loan Forgiveness Center | Wells Fargo

Paycheck Protection Program Loan Forgiveness Center

                    Print

We’re here to help you with every step

Learn more about loan forgiveness, and what you can do to prepare to apply

We understand loan forgiveness for your recent Paycheck Protection Program (PPP) loan is important to your business. 

If you received your PPP loan through Wells Fargo, you’ll need to submit your request through us as well. We’ll send you an email once the Wells Fargo PPP loan forgiveness online application becomes available. Now is the time to take the first step — preparing for loan forgiveness.

Step 1: Prepare now

  • Understand covered expenses and timing, you will find additional information in our FAQs.
  • Review your PPP Loan Forgiveness Application options. Depending on your circumstances, you’ll either use Form 3508S, Form 3508EZ, or Form 3508. If you have a loan of $50,000 or less, and you and your affiliates have combined loans of less than $2 million, consider using Form 3508S. This simple form requires fewer calculations, may call for less documentation, and does not require you to reduce your loan forgiveness calculations if you have reduced FTE or salaries. The forgiveness application processing time may also be shorter than Form 3508EZ or Form 3508.
  • Go to How to Prepare and start gathering the recommended supporting documents.

Step 2: Apply online

  • You’ll receive an email from us when the online application is available. You have time — there is no immediate need to apply for PPP loan forgiveness, you have until the maturity date of your loan to submit an application. 
  • Once you start your online application, you’ll be able to save and come back to it as you prepare it.
  • You’ll want to wait to submit your PPP loan forgiveness application until you have collected and uploaded all your required documents. 

Step 3: Receive confirmation

  • We’ll review your loan forgiveness application and supporting documents, then submit the completed application to the U.S. Small Business Administration (SBA).
  • We’ll let you know when we receive a response from the SBA.

The information contained in this page is based on laws, rules, regulations, and related guidance with respect to the Paycheck Protection Program (PPP), including guidance issued by the U.S. Small Business Administration (SBA) on October 19, 2020. We will periodically update this information, so please check back often and consider bookmarking this page. In the event of any discrepancies between the information on this site and the SBA’s site, please follow official SBA guidance.