SBA has established a pilot Dealer Floor Plan(DFP) program to provide guarantees for revolving lines of credit (LOC) to eligible automotive dealers. This information will be collected from the lenders participating in this pilot and will be used to assess the performance of the revolving loans and assist subsidy model formulation.
SBA was encouraged by Congress during the confirmation hearing of our current Administrator to explore the possibility of providing loan guarantees to floor plan lines of credit.
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.