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. Selfreliance FCU is now accepting applications for the SBA PPP Loan Forgiveness. To apply for one of these loans, go to SBA. Gov and click the link at the top: "Coronavirus (COVID-19): Apply for an Economic Injury Disaster Loan. Yes, if you keep people employed, you can get loan forgiveness! These loans are made through SBA approved banks, so you will have to apply that way. Businesses interested in a loan should complete the form found here. • And Grants and Loan Forgiveness for Illinois Small Business Emergency Loan recipients.