Notice2025-05441
Data Collection Available for Public Comments
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 31, 2025
Issuing agencies
Small Business Administration
Abstract
The Small Business Administration (SBA) intends to request approval from the Office of Management and Budget (OMB) for a revision to the collection of information in SBA Form 1919, "SBA 7(a) Borrower Information Form--For use with all 7(a) Programs", 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 90 Issue 60 (Monday, March 31, 2025)</title>
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[Federal Register Volume 90, Number 60 (Monday, March 31, 2025)]
[Notices]
[Pages 14315-14316]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05441]
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SMALL BUSINESS ADMINISNTRATION
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 a revision
to the collection of information in SBA Form 1919, ``SBA 7(a) Borrower
Information Form--For use with all 7(a) Programs'', 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 May 30, 2025.
ADDRESSES: Send all comments to Robert Carpenter, Financial Analyst,
7(a) Loan Origination Division, Office of Financial Assistance, Small
Business Administration, 409 3rd Street, Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT: Robert Carpenter, Financial Analyst,
7(a) Loan Origination Division, Office of Financial Assistance,
<a href="/cdn-cgi/l/email-protection#d7a5b8b5b2a5a3f9b4b6a5a7b2b9a3b2a597a4b5b6f9b0b8a1"><span class="__cf_email__" data-cfemail="34465b565146401a57554644515a405146744756551a535b42">[email protected]</span></a>, 202-205-7654, or Curtis B. Rich, Agency
Clearance Officer, 202-205-7030, <a href="/cdn-cgi/l/email-protection#8eedfbfcfae7fda0fce7ede6cefdecefa0e9e1f8"><span class="__cf_email__" data-cfemail="ef8c9a9d9b869cc19d868c87af9c8d8ec1888099">[email protected]</span></a>. A copy of the
revised Form 1919 may be obtained without charge by request to
<a href="/cdn-cgi/l/email-protection#f4869b96918680da97958684919a809186b4879695da939b82"><span class="__cf_email__" data-cfemail="10627f727562643e73716260757e647562506372713e777f66">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: SBA is proposing to update SBA Form 1919 to
conform to Administration priorities, Executive Orders, and program
updates, including but not limited to adding a collection for
Applicants who operate under a franchise agreement to enter the name
and the SBA Franchise Identifier Code for the franchise. SBA will
provide a link to the SBA Franchise Directory so the Applicant may
easily locate the appropriate Franchise Identifier Code. SBA intends to
revise the ``Applicant Ownership (Mandatory) and Demographic
Information'' section, to revise the instructional paragraph for the
Applicant to identify 100% of the Beneficial Owners of the Applicant,
and all Beneficial Owners who hold Lawful Permanent Resident (LPR)
status, regardless of the percentage of their ownership interest, and
provide their alien registration number (ARN) or equivalent. A
Beneficial Owner is an individual or entity who owns the business
directly or indirectly through another entity.
SBA intends to add new information inputs in the Applicant
Ownership and Demographic Information section for the date of birth of
the Beneficial Owner, the citizenship status of the Beneficial Owner,
the alien registration number of the Beneficial Owners who are not U.S.
citizens or U.S. Nationals, but hold Lawful Permanent Resident status
with the U.S. Citizenship and Immigration Services (USCIS), and
spouse's name if the spouse is also a Beneficial Owner of the Applicant
or Operating Company (OC). SBA intends to add additional Certifications
that 100% of the Beneficial Ownership in the Applicant and Operating
Company is held by citizens of the United States, U.S. Nationals, or
individuals who are Lawful Permanent Residents (LPRs). SBA also intends
to add a certification that the Applicant is located and primarily
operates in the United States (including its territories and
possessions), is authorized to conduct business in the state,
territory, or possession where it seeks SBA financial assistance, pays
taxes to the United States, and to the extent practicable, purchase
only American-made equipment and products with the proceeds of the SBA
loan.
SBA intends to revise the language in the questions and
certifications in the form to align with the recent changes to the
regulatory and procedural requirements for the 7(a) guaranty loan
program. Additionally, SBA intends to revise the instructions for
completing this form section to provide additional instruction and
clarity for NAICS codes, purpose of the loan, and Applicant's Ownership
information.
SBA also intends to update the definitions section of the form to
include the definitions for ``Associate'', ``Beneficial Owner'',
``Eligible Passive Company'', and ``Operating Company''.
The proposed changes are made to comply with Administration
priorities and Program updates as well as recent Executive Orders
including 14159, ``Protecting the American People Against Invasion'',
issued January 20, 2025, and SBA Policy Notice 5000-865754, ``Policy
updates to comply with Executive Order 14159 regarding citizenship
requirements for obtaining 7(a) and 504 loans'', published March 7,
2025, and to improve the instructional guidance in the form.
Solicitation of Public Comments
SBA is seeking to amend Form 1919 to conform to Administration
priorities, Executive Orders, and program updates, and to improve the
clarity of the questions and instructions. 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: 3245-0348.
Title: SBA 7(a) Borrower Information Form--For use with all SBA
7(a) Loan Programs.
Description of Respondents: Small Business 7(a) Loan Applicants.
Form Number: SBA Form 1919.
Total Estimated Annual Responses: 69,236.
[[Page 14316]]
Total Estimated Annual Hour Burden: 39,233.7 hours.
Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2025-05441 Filed 3-28-25; 8:45 am]
BILLING CODE 8026-09-P
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