Existing borrowers may be eligible for PPP loan forgiveness. Use this form to apply for the Paycheck Protection Program (PPP) with an eligible lender for a First Draw loan.Learn about the CARES Act's COVID-19 loan relief options, including PPP, loan forgiveness, eligibility, and how to apply. First: Determine which application you should use. Identify the borrower. An Applicant that files an IRS Form 1040, Schedule C, and elects to calculate the PPP loan amount using gross income must use form SBA Form 2483-SD-C. Completed PPP Borrower Application Form (Opens in a new Window). What information do I need to complete the simplified SBA Form 3508S application for PPP loan forgiveness? Instructions for Lenders. SBA 7(a) Loan Guaranty Fee Calculator.