View Information Collection Request (ICR) Package

OMB Control No: 3245-0361	ICR Reference No: 201012-3245-003
Status: Historical Active	Previous ICR Reference No: 200711-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: Lender Advantage
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/24/2011
	Date Received in OIRA: 12/23/2010
Terms of Clearance: OMBs previous Terms of Clearance required SBA to evaluate the submission error rates and report the results with the next request for approval. Accordingly, SBA has analyzed the use of this information collection over the past three years and has not identified any notable response error issues. The Small Business Administration should improve their monitoring of expiring information collections to avoid unnecessary reinstatement request and violation of the PRA. This collection should be reported as a violation in OMB's annual Information Collection Budget (ICB). Prior to re-submitting these collection instruments for renewal in three-years, the Small Business Administration should review the collections and consider possible ways to reduce burdens. SBA could consider such things as making all forms available as fillable/fileable (online submissions) and simplification. At the very least, SBA should provide easy to understand "Send To" information on their information collections. The agency should also consider consistent format and use of official SBA logo/seal when appropriate.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2014	36 Months From Approved
Responses	13,650	0	0
Time Burden (Hours)	48,990	0	0
Cost Burden (Dollars)	0	0	0

Abstract: The information collected through these forms from the small business applicants and participating lenders will be used 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) loan 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:
	75 FR 50784	08/17/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 50784	08/17/2010
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
Lender Advantage	2301 - Part C, 2301 - Part D, 2301- Part E, SBA Form 7, 2301 - Part A, 2301 Part B	, , , , ,

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion	Change Due to Potential Violation of the PRA
Annual Number of Responses	13,650	9,650	4,000
Annual Time Burden (Hours)	48,990	28,990	20,000
Annual Cost Burden (Dollars)	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: No

Burden Reduction Due to:

Short Statement: Implementation of two new initiatives

Annual Cost to Federal Government:

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Gail Hepler 202 653-7530

View ICR - OIRA Conclusion