Review the information on the Loan Application screen and determine whether you need to submit the full Form 3508, the 3508EZ form, or the 3508S form. Existing borrowers may be eligible for PPP loan forgiveness.PPP Lender Agreement. Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. Ensures that the SBA will be able to purchase PPP loans in advance. Click here to learn more. 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. How do I apply for PPP Loan? • You will need to fill out the Paycheck Protection.