Borrowers can apply for forgiveness any time up to five years from the date that SBA issued the SBA loan number. The SBA may forgive certain business loans for self-employed individuals, including PPP loans, but there are many factors at play.How do you apply for an Economic Injury Disaster Loan? An Economic Injury Disaster Loan (EIDL) is NOT Forgivable. COVID EIDL is a loan and must be repaid. Tip: You can grab a pdf copy of a filledout form here: PPPLoanForgivenessApplicationForm3508S. Only Hard Part of 3508S Application. Fill out this form to request a letter of support from Congresswoman Wexton on your application for an EIDL loan. How to Apply for an EIDL Loan: • Qualifying small businesses and non-profits operating in Virginia, or in other states or territories. COVID EIDL loans can be used for normal operating expenses and working capital.