Applications for Business Loans

OMB Control No: 3245-0016	ICR Reference No: 200805-3245-003
Status: Historical Active	Previous ICR Reference No: 200511-3245-004
Agency/Subagency: SBA	Agency Tracking No:
Title: Applications for Business Loans
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/22/2008
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/15/2008
Terms of Clearance: This collection is approved for one year so that the agency may have the opportunity to correct errors in this submission. The agency reported that no small entities responded to this collection. The agency reported that 25% of respondents responded electronically to forms identified as paper only. The agency did not provide cites to the regulatory authority relevant to this collection. In addition, the agency should provide separate information collections for each form to better account for the different burdens imposed on banks vs. small business applicants.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2009	36 Months From Approved	08/31/2008
Responses	21,000	0	51,000
Time Burden (Hours)	295,050	0	520,000
Cost Burden (Dollars)	0	0	0

---

Abstract: The information collected through these forms is used to receive essential information from the small business applicant and the participating lender to determine eligibility and to properly evaluate and consider the merits of each loan request based on such criteria as character, capacity, credit, collateral, etc. for the purpose of extending credit under the 7(a) program.

---

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 58713	10/16/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 27605	05/13/2008
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name Applications for Business Loans SBA-FORM-4, SCHEDULE-A, SBA-FORM-4-1, SBA-FORM-4-SF, (SHORT-FORM Application for Business Loans SBA FORM 4-I, SBA FORM 4SCHA , SBA FORM 4 Application for Business Loan ,   Schedule of Collateral ,   Lender's Application for Guaranty or Participation

---

ICR Summary of Burden

	Total Approved	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	21,000	51,000	0	-30,000	0	0
Annual Time Burden (Hours)	295,050	520,000	0	-224,950	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Due to the sharp increase in the use of SBA Express and the Community Express and Patriot Express Pilot Programs whose Forms require much more abbreviated information.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Sandra Johnston 202 205-7528 [email protected]

---

Common Form ICR:  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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 05/15/2008

---