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.Initial debt relief assistance. The only way these the EIDL loans will be forgiven is If the house passes a bill. Borrowers who received a PPP loan prior to the program closing on May 31, 2021 can now apply for forgiveness. Apply online for an SBA disaster assistance loan. SBA will send an inspector to estimate the cost of damage, once your application is completed and submitted. On January 8, 2021 the SBA announced the repeal of the EIDL Advance Deduction Requirement for SBA PPP Loan Forgiveness. 2 The loan terms are up to. The only way these the EIDL loans will be forgiven is If the house passes a bill.