Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.This program provides loan forgiveness equal to the amount spent on payroll. 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. PPP Loan Application Form 3508S: Forgiveness Simplified. A new Paycheck Protection Program loan forgiveness application form is out. While EIDLs are not subject to SBA loan forgiveness, there are ways an EIDL lawyer can help you effectively achieve relief from your EIDL. Yes, sole proprietors and independent contractors can apply to the EIDL program as long as they have verifiable business income for 2019 or January of 2020. Limited Liability Entity. Corporation.