Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Learn more about PPP loan forgiveness.PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. 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. Applying for forgiveness for a Paycheck Protection Loan can be a challenging task. The purpose of this form is to collect identifying information about the Lender, the Applicant, the loan guaranty request, sources and uses of funds, the. Appendix 3: Impact of the Credit Enhancement. PPP Loan Referral Agreement). Do you agree with Ready Capital's 4-star rating?