‡ Wells Fargo has provided this link for your convenience but does not control or endorse the website and is not responsible for the content, links, privacy policy, or security policy of the website. Mon – Fri: 5 am – 6 pm (PT) Mon – Fri: 7 am - 9 pm Loan Forgiveness Application Revised June 16, 2020 Co OMB ntrol Number 3245-0407 Expiration Date: 1 2 /3 1 /2020 PPP Loan Forgiveness Calculation Form Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number: 1-800-TO-WELLS SBA 3508 PPP Loan Forgiveness Application & Instructions. $349 billion in loans were directed to a program called the “Paycheck Protection Program” (PPP) which aims to provide loans to small businesses during a period of time from Feb. 15 to June 30, 2020, the Wells Fargo class action lawsuit states. Once the application is available, you can access it through Wells Fargo Business Online ®, or the Commercial Electronic Office ® (CEO ®). Central Time, 1-888-667-1772 238693 12-15. Over 100,000 loan applications were processed as of April 27, Wells Fargo spokesperson Manuel Venegas told Reuters per a Tuesday (May 5) report. The SBA published an Interim Final Rule authorizing a new streamlined process for forgiveness of loans of $50,000 or less. What Is PPP Loan Forgiveness? If you have not received a Paycheck Protection Program (PPP) loan before, First Draw PPP loans may be available to you. 1-800-869-3557 Eastern Time, 1-866-243-0931 Central Time, 1-866-820-9199 NMLSR ID 399801. We expect to start inviting 2021 PPP borrowers in late spring. When it’s time to move your business forward, a U.S. Small Business Administration (SBA) loan from Wells Fargo may be the solution if you’re seeking a financing option with: Learn more about our Small Business Administration loans and which may be best for you. NMLSR ID 399801. Mon – Fri: 7 am - 8 pm ET. Mon – Fri: 8 am – 12 am SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval. Sat: 7 am - 4 pm Navegó a una página que no está disponible en español en este momento. A House panel overseeing the coronavirus response held a hearing yesterday into the PPP lending practices of a number of big banks, including JPMorgan Chase, Bank of America, Wells Fargo & … 1-800-956-4442 Central Time, 1-800-658-3567 All financing is subject to credit approval and determination of SBA eligibility by Wells Fargo SBA Lending. Use 60% of the funds toward qualifying payroll costs and 40% on other qualifying costs within 24 weeks for it to be completely forgiven. If you follow the PPP loan forgiveness guidelines carefully, you can be eligible for loan forgiveness up to 100%. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the funds. Last Updated: March 30, 2021 5:00 p.m. © 1999 - 2021 Wells Fargo. We're here for you: Important COVID-19 updates. Central Time, Customer Service: 1-877-269-6056 If you applied for your PPP loan with a Form 940, 941, 944, or W-2., You may be eligible for full forgiveness if: The entire loan is used for qualifying costs: At least 60% is used for payroll; And the rest is used for business rent, business utilities, or mortgage interest on a business property PPP Loan Forgiveness Application Form 3508EZ OMB Control No. Seleccione el enlace si desea ver otro contenido en español. But, she said she needs a loan number and that her lender, Wells Fargo, hasn’t given it to her. Mon-Fri: 6:30 am - 7:30 pm 1-800-626-9430 Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the funds. Contact Us Internationally Mon – Fri: 7 am - 10 pm 24 hours a day, 7 days a week. Wells Fargo : Wells Fargo will keep borrowers updated on PPP loan statuses through email or mailed letters. Mon – Fri: 8:30 am – 9:30 pm Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. 24 hours a day, 7 days a week, Portfolio by Wells Fargo® The SBA has up to 90 days to review the application and may request additional information, including a Loan Necessity Questionnaire if you or your affiliates received PPP loans totaling $2 million or more, or at their discretion. For loans of $150,000 or less, Applicant will provide documentation substantiating the decline in gross receipts upon or before seeking loan forgiveness for the Second Draw Paycheck Protection Program Loan or upon SBA request. Mon – Fri: 7 am - 5:30 pm Central Time L. OAN . The number of employees who have been fired is between 100 and 125, a Wells Fargo employee with knowledge of the situation told NPR. Eastern Time, 1-800-352-3705 PPP Loans. Sat: 8 am - 6 pm 24 hours a day, 7 days a week, Foreign Exchange OMB Control No. Mon – Fri: 9 am – 7 pm Yes, PPP loans are eligible for loan forgiveness—meaning you have no responsibility to repay the loan—if the funds are used for certain business expenses. SBA Form 3508 (06/20) Page 3 Paycheck Protection Prog ram Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0 407 Expiration Date: 12/31/2023 Instructions for PPP … All rights reserved. Mon – Fri 7 am – 7 pm F. ... unless there has been a change in address or contact information. An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. 1-800-742-4932 Wells Fargo Asset Management is a trade name used by the asset management businesses of Wells Fargo & Company. All forgiveness applications for Wells Fargo PPP loans should be submitted utilising the Wells Fargo PPP loan forgiveness online application, available through Wells Fargo online business В® , or even the Commercial Electronic Office В® (CEO В® ). Investment products and services are offered through Wells Fargo Advisors. Contact us through Social Care Support 7 days a week, © 1999 - 2021 Wells Fargo. 1-800-556-0605 Sat: 8 am - 2 pm It's also possible to receive forgiveness for a percentage of the loan vs. the entire loan amount. We accept all relay calls, including 711. Eastern Time, 1-877-493-4727 24 hours a day, 7 days a week, 1-877-514-3717 Wells Fargo customer who had a First Draw PPP Loan with us, and you would like to apply with a different lender for a Second Draw PPP Loan - You will need to contact us at (844) 304-8911 to request your PPP First Draw SBA Loan Number. ; Loan amount is up to $6,500,000 for the Wells Fargo portion and up to $5,000,000 for the portion funded by a Certified Development Company. Paycheck Protection Program (PPP) loans, created under the CARES Act, allow for potential loan forgiveness on eligible costs incurred during a set 24-week period after a borrower’s PPP funds are disbursed, defined under the CARES Act as the “covered period.” PPP Loan Fund uses not eligible for forgiveness For questions about your existing account: Customer Service: 1-800-946-2626 Extended Warranty, Price Protection, Purchase Security and Cell Phone Protection 1-855-USA-2WFB 24 hours a day, 7 days a week, ExpressSend® Service You may be able to refinance EIDL loans funded between 1/31/2020 and 4/3/2020 with your first PPP loan. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Funds. SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval. Update on PPP Loan Forgiveness. Sat: 8 am - 2 pm Customers outside of the United States can call Wells Fargo customer service toll-free from most countries using our Central time, 1-888-877-9275 All rights reserved. We are now starting to accept PPP loan forgiveness applications for loans originated in 2020. ; Appropriate for longer term financing for businesses with net worth below $15 million and an average net income below $5 million. Once the application is available, you’ll see a link in Wells Fargo Business Online ® or the Commercial Electronic Office ® ( CEO ® ). Mon - Fri: 8:30 am - 9:30 pm Mon – Thurs: 7 am – 10 pm If your loan is eligible, the link to the forgiveness application will be available through Wells Fargo Business Online ®, or the Commercial Electronic Office ® (CEO ®).We encourage you to review this site before you start the forgiveness application process. After Wells Fargo submits your loan forgiveness application to the SBA, you will receive an email confirmation. 2/31/2023 SBA Form 3508EZ (06/20) Page 1 . Mon – Fri: 6 am - 10 pm WellsTrade® and Intuitive Investor® accounts are offered through WFCS. Please enable JavaScript on your browser and refresh the page. Eastern Time, General Banking 24 hours a day, 7 days a week, 1-800-967-9521 (1-855-872-2932), Request a new or replacement debit card, report a lost/stolen debit card, or for debit card questions, 1-925-825-7600 All rights reserved. Learn how others have started or grown their business with an SBA loan from Wells Fargo. From working together in a supermarket to owning 10 Party Cake Bakery locations throughout Miami, the chronicle of Olga and Juan Montano has always been about dedication and devotion. Paycheck Protection Program OMB Control Number 3245- 0407 Loan Forgiveness Application Expiration Date: 10/31/2020 SBA Form 3508 (05/20) Page 1 . 3245-0407 Expiration date: 1 2/31/2023 Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number: _____ Lender PPP Loan Number: _____ PPP Loan Amount: Central Time, 1-866-281-7436 To file a trip cancellation or travel accident claim, or ask claim questions: 1-855-830-3722 She told Action 9′s Jason Stoogenke that she did so, and she wants to apply for forgiveness. Sun: closed Central Time, 1-800-289-8004 NMLSR ID 399801 1-800-348-8472, 1-800-357-6675 Economic Injury Disaster Loans (EIDL) are direct loans, while EIDL advances are grants. Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a … When Sadaf Salout isn’t busy running her Persian restaurant or buying a franchise, you’ll likely find her in the classroom, where she most recently earned her doctorate degree. Central Time, 1-866-936-7272 We're sorry, but some features of our site require JavaScript. Pacific Time. Get details on the Small Business Administration Paycheck Protection Program. Wells, one of the largest small business lenders in the country, quickly hit its Fed-imposed $10 billion threshold on loans over the weekend. We're sorry, but some features of our site require JavaScript. About Wells Fargo; Online Access Agreement; Privacy, Cookies, Security & Legal; © 1999 - 2021 Wells Fargo. In case you post Form 3508S you must retain almost all employment records/payroll documentation for four years and all other documentation for 3 years Mon - Fri: 8 am - 12 am Learn More. Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. I applied for the PPP as a sole proprietor and at the time Well Fargo only asked for the 1099 misc. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. For discussion purposes only. Seleccione el enlace si desea ver otro contenido en español. Forgiveness Resources. 3245-0407. This number is not listed on loan documentation provided for your First Draw PPP Loan. Eastern Time, 1-800-TRADERS (872-3377) F. ... unless there has been a change in address or contact information. Mon – Fri: 7 am - 7 pm All forgiveness applications for Wells Fargo PPP loans must be submitted using our online application. Sat: 8:30 am - 5 pm Sat: 7 am – 5:30 pm Eastern Time, 1-866-281-7436 The bank has a PPP section on its website that includes FAQs, contact numbers, and links to additional PPP resources. Eastern Time, 1-888-715-0380 Eastern Time, 1-800-222-8222 To file a fraud claim or for fraud questions, call the number on the back of your card. Please enable JavaScript on your browser and refresh the page. Member FDIC. Millennial small business owners: Using credit to grow, For this event planner (and millennial), business debt is not a weight to be avoided but “an investment in the future.”. The funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA, an affiliate of Wells Fargo & Company. (New and existing customers) (Automated responses available 24 hours a day, 7 days a week), To open a new account: 1-877-526-6332 Wells Fargo, TD among banks that closed the most local branches in 2020 ... A number of local and national banks saw branches close during 2020 as … Emergency Medical Expense, Hotel Burglary, Lost Luggage Saturday: 8 am - 6 pm 24 hours a day, 7 days a week, Wells Fargo Online® Customers may finance with a longer term which decreases their monthly payment, but may increase the total interest paid over the life of the new loan. "The SBA eligibility requirements are below: A borrower is generally eligible for a Second Draw PPP loan if the borrower: Mon – Fri: 7 am - 11 pm Central Time, 1-800-260-5969 He … We shall alert you after the online application becomes available. Lower down payments may result in higher monthly payments and a higher loan balance. The SBA set the maximum EIDL advance at $10,000. EIDL advances will no longer be deducted by the SBA from forgiveness amounts. Mon – Fri: 5 am - 7 pm SBA 504 Designed for businesses looking to expand through land or building acquisition, construction, or equipment purchase. Wells Fargo … 24 hours a day, 7 days a week, 1-800-728-3123 Learn More. Mon – Fri: 8 am – 12 am Mon – Fri: 8:30 am - 9:30 pm Forgiveness Overview . I also listed 1 employee for myself. Central Time. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Funds. Some small manufacturers or specific types of energy projects (as described in the energy project section) may qualify for a $5.5 million debenture. Central Time, 1-877-937-9357 Mon – Fri: 7 am - 8 pm international access codes. Fri: 7 am – 9 pm PPP Loan Forgiveness Application Form 3508EZ . Request this number from the Expiration Date: 1. Additional collateral may be required. For example, Wells Fargo (NYSE: WFC) has provided 8,966 PPP loans in Florida during the current round worth roughly $291 million, for an average loan size of … PPP L. OAN . Deposit products offered by Wells Fargo Bank, N.A. Navegó a una página que no está disponible en español en este momento. and Motorcycle and Specialty Vehicle Loans Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. All forgiveness applications for Wells Fargo Paycheck Protection Program (PPP) loans must be submitted using our online application. For questions about your existing account: CD/Savings Secured Loans, CD/Savings Secured (Portfolio) Lines of Credit Auto Rental Collision Damage Waiver, Emergency Evacuation and Transportation, Sat: 7 am – 2 pm (PT), Wells Fargo Military Banking Mon - Fri: 8 am - 12 am Mon – Fri: 7 am - 5 pm 1-866-804-4770 The result is a new, simple two-page form called “PPP Loan Forgiveness Application Form 3508S.” The second page is a voluntary demographic information form, so the application is essentially just one page. We're inviting all PPP borrowers from 2020 to request Forgiveness. Principal en español days a week, © 1999 - 2021 Wells PPP. Includes FAQs, contact numbers, and links to additional PPP resources accounts are offered WFCS. All PPP borrowers from 2020 to request forgiveness are now starting to accept PPP loan:! Determination of SBA eligibility by Wells Fargo bank, N.A change in address or contact information funded 1/31/2020! 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