All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.Existing borrowers may be eligible for PPP loan forgiveness. Credit History Applicants must have a credit history acceptable to SBA. Repayment – Applicants must show the ability to repay the loan. For more information about Loan Forgiveness or to apply for the program, click here.