Does the EIDL include loan forgiveness? The EIDL program does not generally provide loan forgiveness, but exceptions may apply.To qualify for PPP loan forgiveness, you must apply for forgiveness within 10 months of the completion of the Covered Period. Identify the borrower. SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. Who qualifies for an Economic Injury Disaster Loan? How does a borrower apply for loan forgiveness? These are grants and no repayment will be required. Eligibility; Application; Webinars; FAQs; Contacts and Translations. Eligibility. Yes, sole proprietors and independent contractors can apply to the EIDL program as long as they have verifiable business income for 2019 or January of 2020.