Existing borrowers may be eligible for PPP loan forgiveness. 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. This notice provides guidance on the procedures for completing whole loan sales of PPP loans between participating lenders. Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan. All participating Lenders must have a signed SBA Form 750, SBA Form 3506 or SBA Form 3507 (depending on type of Lender). Other SBA and Tax provisions included in the new legislation. Washington, DC 20416. You will have no problem submitting an electronically signed document for your SBA loan. Funding Programs; Loans. Loans.