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
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.