PPP loans are eligible to be forgiven, in full or in part, if the SBA’s requirements are met
Two years from the date your loan was made if your loan received an SBA guarantee number before ; or Five years from the date your loan was made if your loan received an SBA guarantee number on or after . Borrowers can choose a covered period of any length between 8 or 24 weeks beginning on the date the borrower received the loan proceeds. Please visit the Wells Fargo PPP Loan Forgiveness Center for additional guidance or resources regarding covered period, eligibility, use of proceeds, application procedures and documentation required to participate. You may also visit the SBA website for additional information. All forgiveness applications for Wells Fargo PPP loans must be submitted online using the Wells Fargo PPP loan forgiveness application accessible through Wells Fargo Business Online ® or Commercial Electronic Office ® . We will notify you once the Wells Fargo PPP loan forgiveness applications become available. For businesses that will be taking out a Second Draw PPP Loan, different or additional eligibility requirements apply If you received a PPP loan through Wells Fargo, your loan numbers will be automatically pre-filled for you within the application....