View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3245-0071
ICR Reference No:
200905-3245-001
Status:
Historical Inactive
Previous ICR Reference No:
200701-3245-002
Agency/Subagency:
SBA
Agency Tracking No:
Title:
U.S. Small Business Administration Application for Section 504 Loan
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
05/04/2009
OIRA Conclusion Action:
Preapproved
Conclusion Date:
06/18/2009
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/01/2009
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2009
6 Months From Approved
05/31/2010
Responses
9,100
0
10,000
Time Burden (Hours)
21,210
0
21,600
Cost Burden (Dollars)
0
0
0
Abstract:
This information is necessary for the Small Business Administration (SBA) to determine whether loan applicant meets SBA's credit and regulatory criteria. Respondents are small business concerns, and Development Companies that are certified by SBA to package 504 loans to these small businesses.
Emergency Justfication:
SBA is requesting approval on an emergency basis for certain 504 Loan Program forms affected by the American Recovery and Reinvestment act of 2009 (ARRA) under Sec. 504, Stimulus for Community Development Lending Low Interest Refinancing under Local Development Business Loan Program initiative. Additional justification information is contained in the attached letter from Eric Zarnikow, Associate Administrator for Capital Access.
Authorizing Statute(s):
US Code:
15 USC $$636(a) (6) and 687(f)
Name of Law: CDC
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3245-AF91
Final or interim final rulemaking
Federal Register Notices & Comments
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
U.S. Small Business Administration Application for Section 504 Loan
SBA Form 1244
ICR Summary of Burden
Total Request
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
9,100
10,000
0
-900
0
0
Annual Time Burden (Hours)
21,210
21,600
0
0
-390
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Burden increase is due to the estimated increase in underwriting time related to the debt refinancing option.
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)?
Yes
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Andrew McConnell 202 205-7238
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:
05/01/2009
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