SBA has been
notified that they must modify their automated system to be able to
give respondents the opportunity to select more than one racial
category per the standards for the classification of Federal data
on race and ethnicity outlined by OMB on October 30, 1997.
Inventory as of this Action
Requested
Previously Approved
10/31/2010
36 Months From Approved
10/31/2007
2,500
0
2,500
625
0
625
0
0
0
Information collection is needed to
ensure that Microloan Program activity meets the statutory goals of
assisting the statutorily mandated target market. The information
is used by the reporting participants and the SBA to assist with
portfolio management risk management, loan servicing and
collections and to enable SBA to ensure that targeted groups are
being served, and understand trends over time. It also allows SBA
to monitor use of funds, ensure compliance, and provide
education.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.