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.Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. Existing borrowers may be eligible for PPP loan forgiveness. To apply for an EIDL loan or advance, a business must complete an online application on the SBA website. Borrowers who need assistance with forgiveness can contact SBA at our dedicated forgiveness call center: 8775522692. The new simple PPP loan forgiveness application should let most PPP borrowers easily apply for forgiveness. And let them do so now. EIDLs are available to small businesses and nonprofit organizations that have suffered a substantial economic injury as of result of COVID19.