Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll.Requirements to Qualify for PPP Loan Forgiveness. I'm going to share with you how to fill out a ppp forgiveness application specifically if you're self-employed an independent contractor. You will simply review and complete the remainder of the application. Identify the borrower. PPP Lender Agreement. Gov website belongs to an official government organization in the United States. PPP loans are Small Business Administration (SBA) Section 7(a) loans. Fill out our quick 15-minute loan application to compare options from our network of lenders.