Borrower Information Form, Lenders Application for Guaranty, and 7(a) Loan Post Approval Action Checklist

ICR 202309-3245-002

OMB: 3245-0348

Federal Form Document

ICR Details
3245-0348 202309-3245-002
Received in OIRA 202007-3245-006
SBA
Borrower Information Form, Lenders Application for Guaranty, and 7(a) Loan Post Approval Action Checklist
Revision of a currently approved collection   No
Regular 09/28/2023
  Requested Previously Approved
36 Months From Approved 09/30/2023
103,817 228,676
32,850 42,957
1,086,964 0

Section 7(a) of the Small Business Act authorizes the Small Business Administration to guaranty loans in each of the 7(a) Programs. The regulations covering these and other loan programs at 13 CFR Part 120 require certain information from loan applicants and lenders that is used to determine program eligibility and compliance.

US Code: 15 USC 695 Name of Law: 504 and 7(a) Loan Program
  
None

Not associated with rulemaking

  88 FR 18623 03/29/2023
88 FR 65221 09/21/2023
No

1
IC Title Form No. Form Name
SBA Express and Pilot Loan Programs(Export Express, Community Express and Patriot Express) SBA Form 3518, SBA Form 2237 , SBA Form 1919, SBA Form 1971 Community Advantage Addendum 7(a) CA SBLC ,   7(A) LOAN POST APPROVAL ACTION CHECKLIST ,   SBA 7(a) Borrower Information Form ,   Religious Eligibility Worksheet

  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 103,817 228,676 0 -124,859 0 0
Annual Time Burden (Hours) 32,850 42,957 0 -10,107 0 0
Annual Cost Burden (Dollars) 1,086,964 0 0 1,086,964 0 0
No
Yes
Cutting Redundancy
1. Total Number of Responses. The total number of responses reduced since the last renewal of the Forms. This changed due to: (1) The number of 7(a) loan Applicants has reduced in recent years. SBA believes this reduction in 7(a) Loan applications in 2020, 2021, and 2022 is primarily due to pandemic-related factors and reduced demand to capital during the pandemic.

$0
No
    No
    No
No
No
No
No
Mary Frias 202 401-8234 mary.frias@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.
09/28/2023


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