SBIC Financial Reports

Forms and Documents

Document Name	Status
Form SBA Form 468.1 SBIC Financial Reports Form and Instruction	Modified
3245-0063 468 Corresponding AUTHORIZING STATUTORY 2-25-2021.docx Supplementary Document	2021-02-25
3245-0225_Supporting Statement 2-25-2021.docx Supporting Statement A	2021-02-25

IC Document Collections

IC ID	Document Title	Status
35616	SBIC Financial Reports Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0063	ICR Reference No: 202102-3245-002
Status: Received in OIRA	Previous ICR Reference No: 201710-3245-004
Agency/Subagency: SBA	Agency Tracking No:
Title: SBIC Financial Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 02/25/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	02/28/2021
Responses	1,002	1,225
Time Burden (Hours)	24,708	29,041
Cost Burden (Dollars)	12,283,518	15,312,500

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Abstract: To obtain the information needed to carry out its oversight responsibilities under the Small Business Investment Act, the Small Business Administration (SBA) requires Small Business Investment Companies (SBICs) to submit financial statements and supplementary information on SBA Form 468. SBA uses this information to monitor SBIC financial condition and regulatory compliance, for credit analysis when considering SBIC leverage applications, and to evaluate financial risk and economic impact for individual SBICs and the program as a whole.

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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 82024	12/17/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 11042	02/23/2021
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
SBIC Financial Reports	SBA Form 468.1, SBA Form 468.2, SBA Form 468.3, SBA Form 468.4	Corporate Annual Financial Report ,   Partnership Annual Financial Report ,   Partnership Quarterly Financial Report (short) ,   Corporate Quarterly Financial Report (short)

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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	1,002	1,225	0	-223	0	0
Annual Time Burden (Hours)	24,708	29,041	0	-4,333	0	0
Annual Cost Burden (Dollars)	12,283,518	15,312,500	0	-3,028,982	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 decrease in the annual hour burden estimate reflects the anticipated number of respondents based upon the current size of the SBIC program.

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Annual Cost to Federal Government: $223,446

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]? 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? No

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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: 02/25/2021

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