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 federal Small Business Administration (SBA) runs the Economic Injury Disaster Loan (EIDL) program directly. A new Paycheck Protection Program loan forgiveness application form is out. The only way these the EIDL loans will be forgiven is If the house passes a bill. Who qualifies for an Economic Injury Disaster Loan? The first page of the application is simply to verify your eligibility for the loan program itself. As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. The SBA may forgive certain business loans for self-employed individuals, including PPP loans, but there are many factors at play. The EIDL provides access to a low-interest rate loan in light of the pandemic.