U.S. Small Business Administration Application for Section 504 Loan

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SBA FORM 1244 U.S. Small Business Administration Application for Section 504 Loan	Form and Instruction	Modified	Available
Form 1244 _ Supporting Statement final rule changes (DRAFT ) 2 6 14.docx	Supporting Statement A	Uploaded 2014-02-07	Available
PRA 3245-0071 15 USC 697.12-10-13.pdf	Supplementary Document	Uploaded 2013-12-11	Available
PRA 3245-0071 15 USC 636 12-10-13.pdf	Supplementary Document	Uploaded 2013-12-11	Available
PRA 3245-0071 13 CFR 120 150. 12-10-13.pdf	Supplementary Document	Uploaded 2013-12-11	Available
PRA 3245-0071 15 USC 687 12-10-13.pdf	Supplementary Document	Uploaded 2013-12-11	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35619	U.S. Small Business Administration Application for Section 504 Loan	Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0071	ICR Reference No: 201402-3245-002
Status: Historical Inactive	Previous ICR Reference No: 201312-3245-003
Agency/Subagency: SBA	Agency Tracking No:
Title: U.S. Small Business Administration Application for Section 504 Loan
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 02/10/2014
	Date Received in OIRA: 02/07/2014
Terms of Clearance: The amendments to this information collection reflect changes that SBA recently made to its Standard Operating Procedures governing the 7(a) and 504 loan programs and which became effective January 1, 2014. Potentially, additional changes to these same forms will be necessary when the Agency issues its final rule also governing the 7(a) and 504 loan programs (RIN 3245-0348).

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2014	6 Months From Approved	08/31/2014
Responses	7,000	0	7,000
Time Burden (Hours)	18,480	0	18,480
Cost Burden (Dollars)	0	0	0

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Abstract: SBA regulations require that we determine that a participating Certified Development Company's No-Bank Lender Institution's or Microlender's management, ownership, etc. is of good character. To do so requires the information requested on the Form 1081. This form also provides data used to determine the qualifications and capabilities of the lenders key personnel.

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Authorizing Statute(s): US Code: 15 USC $$636(a) (6) and 687(f) Name of Law: CDC
  

Citations for New Statutory Requirements: US Code: 15 USC 695 Name of Law: 504 and 7(a) Loan Program

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3245-AG04	Proposed rulemaking	78 FR 12633	02/25/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
U.S. Small Business Administration Application for Section 504 Loan	1244 Checklist , SBA FORM 1244	Application for Section 504 Loan ,   504 Eligibility Checklist

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: Due to Regulations change to the lenders.

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Annual Cost to Federal Government: $0

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? Yes

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: 02/07/2014

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