Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SBA 3508S Instruct Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty	Form and Instruction	Modified	Available
3245-0407 Appendix C _PPP ICR Statutory Authority.Flexibility Act_ CARES Act Amendment_ 10-26-2020.docx	Supplementary Document	Uploaded 2020-10-26	Available
3245-0407 Appendix B_ PPP ICR Statutory Authority_ CARES Act.1106 10-26-2020.docx	Supplementary Document	Uploaded 2020-10-26	Available
3245-0407 Appendix A_PPP ICR .Statutory Authority _CARES Act.1102 10-26-2020.docx	Supplementary Document	Uploaded 2020-10-26	Available
3245-0407 PPP ICR_Revised Supporting Statement 12-18-2020.docx	Supporting Statement A	Uploaded 2020-12-18	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
241035	Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty	Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0407	ICR Reference No: 202010-3245-007
Status: Historical Active	Previous ICR Reference No: 202010-3245-005
Agency/Subagency: SBA	Agency Tracking No:
Title: Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/23/2020
	Date Received in OIRA: 10/26/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved	12/31/2020
Responses	23,129,282	0	24,129,282
Time Burden (Hours)	7,162,083	0	10,335,824
Cost Burden (Dollars)	263,673,815	0	0

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Abstract: Section 7(a) of the Small Business Act (15 U.S.C. 636) authorizes the Small Business Administration to guarantee loans made by banks or other financial institutions to qualified small businesses in the 7(a) Loan Program. The regulations covering this loan program at 13 CFR Part 120 require loan applicants and lenders to provide certain information that is used to determine program eligibility and compliance. CARES Act PL 116-136 will also cover this 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:
	85 FR 42479	07/14/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 67810	10/26/2020
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
Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty	SBA Form 3509, SBA Form 3510 , SBA Form 3506 , SBA Form 3507 , SBA Form 2483 , SBA Form 3508 Instructions , SBA Form 3508 , SBA Form 3508EZ, SBA Form 2484, SBA Form 3508S , SBA 3508S Instructions , SBA Form 3508EZ Instructions	Instructions PPP Loan Forgiveness Application ,   PPP Loan Necessity Questionnaire for Profit ,   PPP Loan Necessity Questionnaire Non Profit ,   Form 3508 Instructions ,   Forgiveness Application ,   Form 3508 EZ Instructions ,   PPP Forgiveness Application ,   PPP Loan Forgiveness Application

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ICR Summary of Burden

table that charts list 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	23,129,282	24,129,282	0	-1,000,000	0	0
Annual Time Burden (Hours)	7,162,083	10,335,824	0	-3,173,741	0	0
Annual Cost Burden (Dollars)	263,673,815	0	0	263,673,815	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The total burden hours have decreased. This has occurred because the number of borrowers estimated to use the SBA Form 3508 has been lowered based on the percentage of actual submissions received to date and also due to a re-estimate of the number of borrower applications (SBA Form 2483) received as of August 8, 2020.

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Annual Cost to Federal Government: $154,056,968

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Yes

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? Yes

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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: 10/26/2020

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