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. The SBA is accepting applications for all 2020 and 2021 PPP loans. You may apply for forgiveness as soon as your covered period ends. 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. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. If you fill out a request for a PPP Loan on SBA.