Paycheck Protection Program Loan Forgiveness Center | Wells Fargo

Paycheck Protection Program Loan Forgiveness Center


We’re here to help you with every step

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

 Coming Soon 

In March 2021, we will begin accepting PPP loan forgiveness applications for loans originated in 2020. We will notify you by email when the forgiveness application is available to you. We encourage you to review this site to prepare for forgiveness.

We understand loan forgiveness for your recent Paycheck Protection Program (PPP) loan is important to your business and we know that many of our customers are eager to apply for loan forgiveness as soon as possible. 

Recent legislation resulted in changes to PPP loan forgiveness, impacting all forgiveness applications, and adding a new simplified forgiveness application and process for those with loans of $150,000 or less. We are working to incorporate these changes, as well as the latest guidance from the SBA, and will make the updated application and related information available soon on this site. You do not need to submit a forgiveness application to apply for a Second Draw PPP Loan. 

If you received your PPP loan through Wells Fargo, you’ll need to submit your forgiveness request through us as well. Once the Wells Fargo PPP loan forgiveness online application becomes available, you’ll see a link in Wells Fargo Business Online®, or the Commercial Electronic Office® (CEO®). We will also notify you by email. 

In the meantime, you can start preparing for loan forgiveness by following these steps:

Step 1: Prepare now

  • Understand covered period and eligible costs. You will find additional information in our FAQs.
  • Review the PPP Loan Forgiveness Application options. You’ll either use: 
    • Form 3508S. Consider using this form if your loan is $150,000 or less. This simple form requires you to provide less information and the processing time may also be shorter than other forms.
    • Form 3508EZ. Consider using this form if you are not eligible for Form 3508S, and you meet one of the two eligibility conditions
    • Form 3508. Consider using this form if you do not meet the eligibility conditions for either of the other forms.
  • 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, as applicable.

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 supporting documents, as applicable. 

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 updates based on the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act and guidance issued by the U.S. Small Business Administration (SBA), on January 19, 2021. We will be updating this page with new information as we receive it. 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.