Lenders should consider entering into a forbearance agreement when liquidating SBA guaranteed loans. Several recent cases have held that specific language in a workout or forbearance agreement is effective to waive any Regulation B claims.The company needs to prove it requires assistance, but it also needs to demonstrate that it is still a viable business capable of repayment. Existing borrowers may be eligible for PPP loan forgiveness. Discover how to navigate financial challenges with a forbearance agreement. An application for loan forgiveness and the borrower can appeal the decision to the SBA. You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan. How to use an SBA disaster loan. In order to qualify for home loan forbearance, a borrower must meet certain criteria.