Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. Existing borrowers may be eligible for PPP loan forgiveness.How to Complete Your PPP Loan Application Step 1: Access your PPP Application. Step 2: Add or Confirm Existing Business Information. Identify the borrower. Your Lender can provide you with either the SBA Form 3508, SBA Form 3508EZ, SBA Form. 3508S, or a Lender equivalent. Instructions for Lenders. Gov website belongs to an official government organization in the United States. The Small Business Administration (SBA) released a revised forgiveness application for the Paycheck Protection Program (PPP).