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

Forms and Documents

Document Name	Status
Form SBA Form 2483 Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty Form and Instruction	Modified
3245-0407 Summary Statutory Authority _PPP ICR Economic Aid Amendments(Forgiveness IFR) 1-19-2021.docx Supplementary Document	2021-01-19
3245-0407 Emergency Justification Letter 1-19-2021.pdf Supplementary Document	2021-01-19
324-0407 PPP 3508 Revisions Supporting Statement 1-19-2021.docx Supporting Statement A	2021-01-19
3245-0407 Appendix C _PPP ICR Statutory Authority.Flexibility Act_ CARES Act Amendment_ 10-26-2020.docx Supplementary Document	2020-10-26
3245-0407 Appendix B_ PPP ICR Statutory Authority_ CARES Act.1106 10-26-2020.docx Supplementary Document	2020-10-26

IC Document Collections

IC ID	Document Title	Status
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: 202101-3245-008
Status: Received in OIRA	Previous ICR Reference No: 202101-3245-003
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: Emergency	Approval Requested By: 01/19/2021
Date Submitted to OIRA: 01/19/2021

	Requested	Previously Approved
Expiration Date	6 Months From Approved	07/31/2021
Responses	34,929,702	24,529,702
Time Burden (Hours)	9,038,154	7,609,879
Cost Burden (Dollars)	335,325,139	279,638,603

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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.

Emergency Justfication: January 19, 2021 Susan Minson SBA Desk Officer Office of Management and Budget Dear Ms. Minson: Pursuant to the Office of Management and Budget (OMB) procedures established at 5 CFR Part 1320, SBA requests emergency review of revisions to the collection of information for the Paycheck Protection Program (PPP), currently approved under OMB Control Number 3245-0407. As part of this request for emergency processing, SBA also requests a waiver from the requirement to publish the 60-day and 30-day public comment notices in the Federal Register. The revisions are necessary to implement amendments to the loan forgiveness aspect of the Paycheck Protection Program (PPP) by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Economic Aid Act”), Pub. L. 116-260 (December 27, 2020). To effect these amendments, SBA has revised the current forgiveness application forms (Forms 3508, 3508EZ and 3508S) to, among other things, extend their applicability to the new Second Draw PPP Loan Program, and include additional expenses that are eligible for forgiveness. Also, SBA Form 3508S was revised to conform to section 307 of the Economic Aid Act, which requires a simplified forgiveness application for loans of not more than $150,000. In addition, in order to implement a conflict of interest provision in the Economic Aid Act, SBA has added a new form to the collection, SBA Form 3508D, Paycheck Protection Program--Borrower’s Disclosure of Certain Controlling Interests. SBA has determined that these revisions are required prior to the expiration of time periods for the process established under 5 CFR Part 1320. Emergency approval will enable borrowers to begin submitting loan forgiveness applications with the Economic Aid Act changes as quickly as possible and, where applicable, comply with the statutory deadline for making certain conflict of interest disclosures. SBA thanks you for your attention to this matter and looks forward to your approval today. Sincerely, Jihoon Kim Director, Office of Financial Program Operations Office of Capital Acces

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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

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
Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty	SBA Form 2483 , SBA Form 3508 Instructions , SBA Form 3508EZ, SBA Form 3508D, SBA 3508S Instructions , SBA Form 3508EZ Instructions , SBA Form 3509, SBA Form 3510 , SBA Form 3506 , SBA Form 3507 , SBA Form 2484, SBA Form 3508 , SBA Form 3508S	PPP Borrower Application ,   Form 3508 Instructions ,   Forgiveness Applications and Instructions ,   Paycheck Protection Program Borrower’s Disclosure of Certain Controlling Interests ,   Instructions PPP Loan Forgiveness Application ,   Form 3508 EZ Instructions ,   PPP Loan Necessity Questionnaire for Profit ,   PPP Loan Necessity Questionnaire Non Profit ,   PPP Agreement for New Lenders Banks Credit Unions ,   PPP Agreement for Lenders Non Bank Non Insured Depository Institution Lenders ,   PPP Lender Application Updated ,   Forgiveness Application and Instructions ,   Forgiveness Application and Intructions

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ICR Summary of Burden

	Total Request	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	34,929,702	24,529,702	0	10,400,000	0	0
Annual Time Burden (Hours)	9,038,154	7,609,879	0	1,428,275	0	0
Annual Cost Burden (Dollars)	335,325,139	279,638,603	0	55,686,536	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: Revision

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Annual Cost to Federal Government: $164,068,088

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: 01/19/2021

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