PPP loan forgiveness. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness.PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. PPP Lender Agreement. Borrowers can apply for forgiveness any time up to five years from the date that SBA issued the SBA loan number. 632) in order to participate in the PPP? 1201 Borrower Payments. B. On January 25, 2022, the MSF Board approved: (i) the creation of the SSBCI 2.0-. A loan is anything you receive from someone that you agree to pay for at a later date. Agreement (Deferred Participation) Lenders must use this form to participate in the SBA Community Advantage loan program.