Existing borrowers may be eligible for PPP loan forgiveness. Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan.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. Second Draw PPP loans can be used to help fund payroll costs, including benefits. There are no fees for borrowers to apply, and no prepayment fees. SBA annouced loan forgivness for SMBs unable to payback the PPP loan. Learn how to fill out the PPP loan forgiveness application online using Signeasy.