Notice2025-16626
Reporting and Recordkeeping Requirements Under OMB Review
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
August 29, 2025
Issuing agencies
Small Business Administration
Abstract
The Small Business Administration (SBA) will submit the information collection described below to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, as amended, on or after the date of publication of this notice. SBA is publishing this notice to allow all interested members of the public an additional 30 days to provide comments on the collection of information.
Full Text
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<title>Federal Register, Volume 90 Issue 166 (Friday, August 29, 2025)</title>
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[Federal Register Volume 90, Number 166 (Friday, August 29, 2025)]
[Notices]
[Pages 42291-42293]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16626]
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SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping Requirements Under OMB Review
AGENCY: U.S. Small Business Administration.
ACTION: 30-Day notice; request for comments.
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[[Page 42292]]
SUMMARY: The Small Business Administration (SBA) will submit the
information collection described below to the Office of Management and
Budget (OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, as amended, on or after the date of publication
of this notice. SBA is publishing this notice to allow all interested
members of the public an additional 30 days to provide comments on the
collection of information.
DATES: Submit comments on or before September 29, 2025.
ADDRESSES: Written comments and recommendations for this information
collection request should be sent within 30 days of publication of this
notice to <a href="http://www.reginfo.gov/public/do/">www.reginfo.gov/public/do/</a>PRAMain. Find this particular
information collection request by selecting ``Small Business
Administration''; ``Currently Under Review,'' then select the ``Only
Show ICR for Public Comment'' checkbox. This information collection can
be identified by title and/or OMB Control Number, which are provided
below.
FOR FURTHER INFORMATION CONTACT: You may obtain information including a
copy of the forms and supporting documents from the Interim Agency
Clearance Officer, Shauniece Carter, at (202) 205-6536, or
<a href="/cdn-cgi/l/email-protection#37645f5642595e525452195456454352457744555619505841"><span class="__cf_email__" data-cfemail="8cdfe4edf9e2e5e9efe9a2efedfef8e9feccffeeeda2ebe3fa">[email protected]</span></a> or from <a href="http://www.reginfo.gov/public/do/">www.reginfo.gov/public/do/</a>PRAMain.
SUPPLEMENTARY INFORMATION:
Background
Section 1102 of the Coronavirus Aid, Relief, and Economic Security
(CARES) Act, Public Law 116-136, authorized SBA to guarantee loans made
by banks or other financial institutions under a temporary program
titled the ``Paycheck Protection Program'' (PPP). These loans were
available to eligible small businesses, certain non-profit
organizations, veterans' organizations, Tribal business concerns,
independent contractors, and self-employed individuals adversely
impacted by the COVID-19 Emergency. SBA's authority to guarantee PPP
loans expired on August 8, 2020. On December 27, 2020, SBA received
reauthorization under the Economic Aid Act, Public Law 116-260, to
resume guaranteeing PPP loans through March 31, 2021. The Economic Aid
Act also amended certain other PPP statutory provisions. On March 11,
2021, the American Rescue Plan Act, Public Law 117-2, was enacted,
further amending various PPP statutory provisions. On March 30, 2021,
the PPP Extension Act of 2021 was enacted, extending the SBA's PPP
program authority through June 30, 2021.
This information collection is used for the PPP Loan Program. This
approval is set to expire on August 31, 2025. Although SBA's PPP
program authority has expired, this information collection is still
needed for the following reasons: (1) PPP borrowers may apply for
forgiveness of their loans up to five years after SBA issued a loan
number, which may be as late as 2026; (2) SBA may review a PPP loan at
any time; and (3) pending litigation may require the collection of
information. Additionally, SBA recently published an Interim Final Rule
on Paycheck Protection Program--Extension of Lender Records Retention
Requirements (89 FR 68090, August 23, 2024), extending the PPP loan
records retention requirements for PPP lenders to ten years from the
date of disposition of each individual PPP loan. Because the PPP lender
recordkeeping requirements have been extended, this information
collection needs to be extended accordingly. Therefore, as required by
the Paperwork Reduction Act, SBA is publishing this notice as a
prerequisite to seeking OMB's approval to use this information
collection beyond August 31, 2025. There are no proposed changes to any
of the information to be submitted by lenders or borrowers, except that
SBA has updated SBA Form 3508, SBA Form 3508EZ, and SBA Form 3508S to
align with Executive Order 14168 issued on January 20, 2025.
Summary of Information Collection
Title: Paycheck Protection Loan Program Borrower Information Form
and Lender's Application for Loan Guaranty.
OMB Control Number: 3245-0407.
(i) SBA Form 2483--Paycheck Protection Program Borrower Application
Form
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 77,329.
(ii) SBA Form 2483-C--Paycheck Protection Program Borrower
Application Form for Schedule C Filers Using Gross Income.
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 1,993.
(iii) SBA Form 2484--Lender's Application--Paycheck Protection
Program Loan Guaranty.
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 76,822.
(iv) SBA Form 3506, CARES Act Section 1102 Lender Agreement.
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 6.
(v) SBA Form 3507, CARES Act Section 1102 Lender Agreement--Non-
Bank and Non-Insured Depository Institution Lenders.
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 1.
(vi) SBA Form 3508, Paycheck Protection Program--Loan Forgiveness
Application.
Estimated Number of Respondents: 57,812.
Estimated Annual Responses: 57,812.
Estimated Annual Hour Burden: 173,678.
(vii) SBA Form 3508EZ, Paycheck Protection Program--PPP Loan
Forgiveness Application Form EZ.
Estimated Number of Respondents: 173,437.
Estimated Annual Responses: 173,437.
Estimated Annual Hour Burden: 58,535.
(viii) SBA Form 3508S, Paycheck Protection Program--PPP Forgiveness
Application Form 3508S.
Estimated Number of Respondents: 924,999.
Estimated Annual Responses: 924,999.
Estimated Annual Hour Burden: 235,104.
(ix) SBA Form 3508D--Paycheck Protection Program Borrower's
Disclosure of Certain Controlling Interests.
Estimated Number of Respondents: 0.
Estimated Annual Responses: 0.
Estimated Annual Hour Burden: 3.
(x) [No Form Number] Lender Reporting Requirements for Loan
Reviews.
Estimated Number of Respondents: 175,000.
Estimated Annual Responses: 175,000.
Estimated Annual Hour Burden: 88,980.
Solicitation of Public Comments
SBA invites the public to submit comments, including specific and
detailed suggestions on ways to improve the collection and reduce the
burden on respondents. Commenters should also address (i) whether the
information collection is necessary for the proper performance of SBA's
functions, including whether it has any practical utility; (ii) the
accuracy of the estimated burdens; (iii) ways to enhance the quality,
utility, and clarity of the information to be collected; and (iv) the
use of automated collection techniques or other forms of information
[[Page 42293]]
technology to minimize the information collection burden on those who
are required to respond.
Shauniece Carter,
Interim Agency Clearance Officer.
[FR Doc. 2025-16626 Filed 8-28-25; 8:45 am]
BILLING CODE 8026-09-P
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