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.Existing borrowers may be eligible for PPP loan forgiveness. The calculation for these loans is very simple: Total payroll expenses for the previous 12 months. PPP loan forgiveness. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Gov where you'll find information around how to apply for PPP loan forgiveness and helpful resources to help you prepare for forgiveness. COVID19 EIDL is not forgivable. View loan balance and make payments. COVID19 EIDL is not forgivable.