SBA has established a pilot Dealer
Floor Plan(DFP) program to provide guarantees for revolving lines
of credit (LOC) to eligible automotive dealers. This information
will be collected from the lenders participating in this pilot and
will be used to assess the performance of the revolving loans and
assist subsidy model formulation.
SBA was encouraged by
Congress during the confirmation hearing of our current
Administrator to explore the possibility of providing loan
guarantees to floor plan lines of credit.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.