PPP loan forgiveness. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness.SBA annouced loan forgivness for SMBs unable to payback the PPP loan. Learn how to fill out the PPP loan forgiveness application online using Signeasy. An Applicant that files an IRS Form 1040, Schedule F, and calculates the PPP loan amount using gross income must use SBA Form 2483SD. SMBs will need to fill Paycheck Protection Program Form, then apply through an eligible lender. The purpose of this form is to collect identifying information about the Lender, the Applicant, the loan guaranty request, sources and uses of funds, the. AGREEMENT - PUBLIC-PRIVATE COLLABORATION. The SBA determines whether a PPP loan satisfies the requirements of the PPP.