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. Learn about the CARES Act's COVID-19 loan relief options, including PPP, loan forgiveness, eligibility, and how to apply. The PPP ended on May 31, 2021. Borrowers can apply for forgiveness any time up to the maturity date of the loan. Your PPP Loan Could Be FORGIVEN If It Is Used to Sustain Your. Workforce. You can apply for two-and-a-half (2.5) times your average monthly payroll costs. Learn more about these Safe Harbors in the Guide for PPP Loan Forgiveness. The application is now out to apply for loan forgiveness for those who received a PPP loan.