Data Collection Available for Public Comments
Primary source
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Issuing agencies
Abstract
The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) requires Federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.
Full Text
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<title>Federal Register, Volume 89 Issue 14 (Monday, January 22, 2024)</title>
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[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Pages 3979-3980]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01096]
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SMALL BUSINESS ADMINISTRATION
Data Collection Available for Public Comments
ACTION: 60-Day notice and request for comments.
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SUMMARY: The Small Business Administration (SBA) intends to request
approval, from the Office of Management and Budget (OMB) for the
collection of information described below. The Paperwork Reduction Act
(PRA) requires Federal agencies to publish a notice in the Federal
Register concerning each proposed collection of information before
submission to OMB, and to allow 60 days for public comment in response
to the notice. This notice complies with that requirement.
DATES: Submit comments on or before March 22, 2024.
ADDRESSES: Send all comments by email to Tamara Jennings, Sr. Loan
Specialist, Office of Financial Assistance, Small Business
Administration at <a href="/cdn-cgi/l/email-protection#3e4a5f535f4c5f10545b50505750594d7e4d5c5f10595148"><span class="__cf_email__" data-cfemail="a2d6c3cfc3d0c38cc8c7cccccbccc5d1e2d1c0c38cc5cdd4">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Tamara Jennings, Sr. Loan Specialist,
(202) 205-6674, <a href="/cdn-cgi/l/email-protection#4733262a263526692d2229292e2920340734252669202831"><span class="__cf_email__" data-cfemail="aadecbc7cbd8cb84c0cfc4c4c3c4cdd9ead9c8cb84cdc5dc">[email protected]</span></a> or Curtis B. Rich, Agency
Clearance Officer, (202) 205-7030, <a href="/cdn-cgi/l/email-protection#385b4d4a4c514b164a515b50784b5a59165f574e"><span class="__cf_email__" data-cfemail="2c4f595e58455f025e454f446c5f4e4d024b435a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: For SBA financial assistance programs, SBA
Form 413 Personal Financial Statement (PFS) collects information
regarding the assets and liabilities of certain owners, officers and
guarantors of the small business applicant benefiting from such
assistance and is used when analyzing the applicant's repayment
abilities or creditworthiness. SBA's Surety Bond Guaranty Program uses
the Form 413 PFS information during the claim recovery process. The
information is also collected from applicants and participants in SBA's
8(a) Business Development (BD) and Women-Owned Small Business (WOSB)
Program certification process to determine
[[Page 3980]]
whether they meet the economic disadvantage requirements of the
program.
All program offices use the same Form 413. SBA plans to revise and
clarify the instructions for the Form 413 to ensure the public will be
aware of the specific submission process for each program office. SBA
will update the Form 413 to include recent rule and policy updates
related to its thresholds for inflation. Lastly, the Form 413 may
undergo additional formatting changes to make it easier to address
mandatory Federal government 508 accessibility compliance.
Solicitation of Public Comments
SBA is requesting comments on (a) Whether the collection of
information is necessary for the Agency to properly perform its
functions; (b) whether the burden estimates are accurate; (c) whether
there are ways to minimize the burden, including through the use of
automated techniques or other forms of information technology; and (d)
whether there are ways to enhance the quality, utility, and clarity of
the information.
Summary of Information Collection
OMB Control Number: 3245-0188.
(1) Title: Personal Financial Statement.
Description of Respondents: 7(a) and 504 loan Program applicants,
Surety Bond Program recovery claimants, Disaster Loan Program business
applicants 8(a)/BD and WOSB Program applicants.
Form Number: SBA Form 413.
Total Estimated Annual Responses: 251,934.
Total Estimated Annual Hour Burden: 344,174.
Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-01096 Filed 1-19-24; 8:45 am]
BILLING CODE 8026-09-P
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</html>This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.