PPP Loan Forgiveness and Employee Retention Credit for Self-Employed Small Business Owners Qualifications and Documentation Requirements. This course will simplify the Small Business Administration guidance regarding the PPP Loan Forgiveness qualifications. It includes discussion about the interest rates if loan was not forgiven; documents needed to prepare and submit to the SBA if you are self-employed; what are the strategy to maximize both Employee Retention Credit and PPP Loan Forgiveness; and documentation requirements for Employee Retention Credit.