Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. Learn more about PPP loan forgiveness.PPP lender information. PPP Lender Agreement. Second Draw PPP loans can be used to help fund payroll costs, including benefits. 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. Identify the borrower. The form and instructions inform borrowers how to apply for forgiveness of their Paycheck Protection. Complete guide to applying for the First Draw and Second Draw of the Paycheck Protection Program (PPP) with the SBA.