Some SBA loans can be forgiven, but not all. For example, the Payroll Protection Program (PPP) offered as part of the COVID-19 pandemic relief funding is forgivable, meaning it does not need to be repaid as long as you comply with the terms for forgiveness, such as maintaining employee pay levels and funds being used for payroll. On the other hand, the SBA Economic Injury Disaster Loan (EIDL) is not forgivable, except in special circumstances like your business shutting down and dissolving. The terms of each SBA loan program will determine if and when it can be forgiven.