Borrower's Progress Certification

ICR 202206-3245-008

OMB: 3245-0110

Federal Form Document

IC Document Collections
IC ID
Document
Title
Status
35664 Modified
ICR Details
3245-0110 202206-3245-008
Received in OIRA 201903-3245-004
SBA
Borrower's Progress Certification
Revision of a currently approved collection   No
Regular 06/30/2022
  Requested Previously Approved
36 Months From Approved 06/30/2022
25,682 15,966
12,841 7,983
364,171 0

Prior to Small Business Administration (SBA) approval of subsequent loan disbursement, disaster loan borrowers are required to submit information to demonstrate that they used loan proceeds for authorized purposes only and to make certain certification regarding current financial condition and previously reported compensation paid in connection with the loan.

None
None

Not associated with rulemaking

  87 FR 4703 01/28/2022
87 FR 38466 06/28/2022
No

1
IC Title Form No. Form Name
Borrower's Progress Certification SBA Form 1366 Borrower's Progress Certification

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 25,682 15,966 0 9,716 0 0
Annual Time Burden (Hours) 12,841 7,983 0 4,858 0 0
Annual Cost Burden (Dollars) 364,171 0 0 364,171 0 0
Yes
Miscellaneous Actions
No
Both the annual hour burden and cost for the SBA Form 1366 slightly increased because of an increase in loan approvals (increase in the number of uses of the form) over the last 4 FYs as compared to previous 4 FYs

$997,289
No
    No
    No
No
No
No
No
Melissa Watson 202 205-6458 melissa.watson@sba.gov

  No

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.
06/30/2022


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