SBA Express is a small dollar loan program that was created in 1995. SBA Express lenders use primarily their own loan forms, submitting minimal information to SBA. SBA requires the information requested to assist the Agency in carrying out its lender, portfolio and program oversight responsibilities. The information will also facilitate risk management.
The burden estimates have increased since the last PRA submission because of 1) tremendous growth in the SBA Express Program and 2) the hourly rate increased from $10 per hours to $26 per hour.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Gail Hepler 202 653-7530
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.