Existing borrowers may be eligible for PPP loan forgiveness. Lender Agreement (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)All participating Lenders must have a signed SBA Form 750, SBA Form 3506 or SBA Form 3507 (depending on type of Lender). The employee test for determining PPP loan eligibility is a head-count test, including full-time, part-time, temporary, leased, and furloughed employees. Need funding for your small business? Learn about SBA loans. SBA annouced loan forgivness for SMBs unable to payback the PPP loan. Learn how to fill out the PPP loan forgiveness application online using Signeasy.