Section 7a of the Small Business Act (15 U.S.C) subsection 626(a) authorizes the Small Business Administration to guaranty loans in the SBA Express and Pilot Loan Programs. The regulations covering these and other loan programs at 13 CFR Part 120 require certain information from loan applicants and lenders. These forms are the means for collecting that information.
US Code:
31 USC 3512
Name of Law: Federal Mgrs. Financial Integrity Act
A discrepancy was discovered in the 6/11/07 emergency clearance. Burden hours should have been 47,820 instead of 60,308. As a result this IC has a burden increase of 4,654 hours. This increase is due to the addition of Community Express.
$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.
SBA Express/Patriot Express Information Collection