83 FR 4720 - Reporting and Recordkeeping Requirements Under OMB Review

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 83, Issue 22 (February 1, 2018)

The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA),which requires agencies to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public that the agency has made such a submission. This notice also allows an additional 30 days for public comments.

[Federal Register Volume 83, Number 22 (Thursday, February 1, 2018)]
[Notices]
[Pages 4720-4721]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01995]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day notice.

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SUMMARY: The Small Business Administration (SBA) is publishing this 
notice to comply with requirements of the Paperwork Reduction Act 
(PRA),which requires agencies to submit proposed reporting and 
recordkeeping requirements to OMB for review and approval, and to 
publish a notice in the Federal Register notifying the public that the 
agency has made such a submission. This notice also allows an 
additional 30 days for public comments.

DATES: Submit comments on or before March 5, 2018.

ADDRESSES: Comments should refer to the information collection by name 
and/

[[Page 4721]]

or OMB Control Number and should be sent to: Agency Clearance Officer, 
Curtis Rich, Small Business Administration, 409 3rd Street SW, 5th 
Floor, Washington, DC 20416; and SBA Desk Officer, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, 
(202) 205-7030 [email protected].
    Copies: A copy of the Form OMB 83-1, supporting statement, and 
other documents submitted to OMB for review may be obtained from the 
Agency Clearance Officer.

SUPPLEMENTARY INFORMATION: For financial assistance programs authorized 
by section 7(a) and (b) of the Small Business Act and Title V of the 
Small Business Investment Act of 1958, SBA regulations require any loan 
guarantor and individual owners of the small business applicant to 
submit a personal financial statement to provide information on their 
assets and liabilities. See, 13 CFR 120.191 and 13 CFR 123.6. The 
information is necessary for the Agency, the participating lender or 
CDC to make informed decisions concerning the applicant's repayment 
abilities or creditworthiness.
    For the 8(a) Business Development (BD), Small Disadvantaged 
Business (SDB), and Women-Owned Small Business (WOSB) programs the 
information is necessary for SBA to determine if the applicant or 
participant meets the economic disadvantage requirements to participate 
in these programs. SBA regulations at 13 CFR 124.104, 124.112, 
124.1002, and 13 CFR 127.203 require, among other things, that 
applicants and participants submit financial information to facilitate 
this determination.

Solicitation of Public Comments

    Comments may be submitted 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 Collections

    (1) Title: Personal Financial Statement.
    Description of Respondents: Applicants and/or Participants in SBA's 
7(a) loan program, 504 loan program, and disaster loan program, and 
8(a) Business Development program, and the Women-Owned Small Business 
program.
    Form Numbers: SBA Forms 413(7a), 413(D), 413(8(a)) and 413(WOSB).
    Estimated Annual Respondents: 44,588.
    Estimated Annual Responses: 44,588.
    Estimated Annual Hour Burden: 66,882.

Curtis B. Rich,
Management Analyst.
[FR Doc. 2018-01995 Filed 1-31-18; 8:45 am]
 BILLING CODE 8025-01-P