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.Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. Borrowers who received a PPP loan prior to the program closing on May 31, 2021 can now apply for forgiveness. The law provides that EIDL loan advances will no longer be deducted from PPP loan forgiveness. Unfortunately, there is no current program for complete EIDL loan forgiveness. A business may qualify for both an EIDL and a physical disaster loan. The only way these the EIDL loans will be forgiven is If the house passes a bill. Targeted EIDL Advance: Forgiveness.