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. 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. While EIDLs are not subject to SBA loan forgiveness, there are ways an EIDL lawyer can help you effectively achieve relief from your EIDL. The onepage 3508S forgiveness application (downloadable as a pdf here) requires about a minute to complete. You only need the original PPP loan paperwork. 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. Business owners can begin to apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. The new simple PPP loan forgiveness application should let most PPP borrowers easily apply for forgiveness. And let them do so now.