Lender Advantage

Forms and Documents

Document Name	Status
Form SBA Form 7 Lender Advantage Form	Modified
Lender Advantage - Regulations.pdf Supplementary Document	2010-12-23
Lender Advantage - Supporting Statement.docx Supporting Statement A	2010-12-23

IC Document Collections

IC ID	Document Title	Status
182733	Lender Advantage Form	Modified

ICR Details

OMB Control No: 3245-0361	ICR Reference No: 201012-3245-003
Status: Historical Active	Previous ICR Reference No: 200711-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: Lender Advantage
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/24/2011
	Date Received in OIRA: 12/23/2010
Terms of Clearance: OMBs previous Terms of Clearance required SBA to evaluate the submission error rates and report the results with the next request for approval. Accordingly, SBA has analyzed the use of this information collection over the past three years and has not identified any notable response error issues. The Small Business Administration should improve their monitoring of expiring information collections to avoid unnecessary reinstatement request and violation of the PRA. This collection should be reported as a violation in OMB's annual Information Collection Budget (ICB). Prior to re-submitting these collection instruments for renewal in three-years, the Small Business Administration should review the collections and consider possible ways to reduce burdens. SBA could consider such things as making all forms available as “fillable/fileable” (online submissions) and simplification. At the very least, SBA should provide easy to understand "Send To" information on their information collections. The agency should also consider consistent format and use of official SBA logo/seal when appropriate.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2014	36 Months From Approved
Responses	13,650	0	0
Time Burden (Hours)	48,990	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The information collected through these forms from the small business applicants and participating lenders will be used to determine eligibility and to properly evaluate and consider the merits of each loan request based on such criteria as character, capacity, credit, collateral, etc. for the purpose of extending credit under the 7(a) loan program.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 50784	08/17/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 50784	08/17/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Lender Advantage	2301 - Part C, 2301 - Part D, 2301- Part E, SBA Form 7, 2301 - Part A, 2301 Part B	Eligibility Information for Preferred Lender Participation (PLP) Loans ,   Eligibility Questionnaire ,   Eligibility Information for Community Advantage (CA) Loans ,   Lender Advantage Loan Initiative ,   Lender's Application for Guaranty ,   Community Advantage Lender Participation Application

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	13,650	0	0	9,650	0	4,000
Annual Time Burden (Hours)	48,990	0	0	28,990	0	20,000
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Implementation of two new initiatives

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/23/2010

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