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

Forms and Documents

Document	Type	Status	Availability
Form SBA Form 3508 Inst Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty	Form and Instruction	Modified	Repair queued
3245-0407 Emergency Justification 1st Draw 2-03-2021.pdf	Supplementary Document	Uploaded 2021-03-03	Repair queued
3245-0407 PPP 3508 Revisions Supporting Statement 3-2-2021.docx	Supporting Statement A	Uploaded 2021-03-03	Available
3245-0407 Summary Statutory Authority _PPP ICR Economic Aid Amendments(Forgiveness IFR) 1-19-2021.docx	Supplementary Document	Uploaded 2021-01-19	Repair queued
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

IC Document Collections

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: 202103-3245-001
Status: Active	Previous ICR Reference No: 202101-3245-008
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: 03/03/2021
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/03/2021
	Date Received in OIRA: 03/03/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	6 Months From Approved	07/31/2021
Responses	35,679,326	0	34,929,702
Time Burden (Hours)	9,505,578	0	9,038,154
Cost Burden (Dollars)	340,915,960	0	335,325,139

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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: March 2, 2021 Susan Minson SBA Desk Officer Office of Management and Budget Dear Ms. Minson: Pursuant to the Office of Management and Budget (OMB) procedures in 5 CFR Part 1320, SBA requests emergency review of revisions to the collection of information for the Paycheck Protection Program Loan Program (PPP Loan Program). This information collection (OMB Control Number 3245-0407) is currently approved under emergency proceedings until July 31, 2021. This request for emergency processing, includes a request for waiver of the requirement to publish the 60-day and 30-day public comment notices in the Federal Register. The revisions to this information collection are necessary to implement changes to the program as set out in a pending interim final rule titled, Business Loan Program Temporary Changes; Paycheck Protection Program Revisions to Loan Amount Calculation and Eligibility” (Loan Amount and Eligibility Rule). This rule allows IRS Form 1040, Schedule C filers to calculate maximum loan amount using gross income; and removes the eligibility restrictions on certain small business owners who have non-financial fraud felony convictions, or who are delinquent on Federal student loans. In order to implement these changes, SBA has created a new application form specifically for the Schedule C filers, the PPP Borrower Application Form – Gross Income Schedule C Filers (Form 2483-C), and revised the existing PPP Borrower Application Form (Form 2483) and the PPP Lender Application (Form 2484). The authority for the program expires on March 31, 2021. Therefore, given the urgent need to make the revised information collection available to the affected small businesses before this date, SBA cannot comply with the standard review and approval procedures. Accordingly, SBA is requesting that OMB review and approve the revised information collection under the emergency procedures set forth in 5 CFR 1320.13. We appreciate your consideration of this request. Please let us know if you have any questions. Sincerely, Jihoon Kim Director, Office of Financial Program Operations U.S. SMALL BUSINESS ADMINISTRATION WASHINGTON, DC 20416

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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 2484, 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 2483 C, SBA Form 3508 , SBA Form 3508S, SBA Form 2483	Form 3508 Instructions ,   Form 3508 EZ Instructions ,   Instructions PPP Loan Forgiveness Application ,   PPP Loan Necessity Questionnaire for Profit ,   PPP Loan Necessity Questionnaire Non Profit ,   Forgiveness Application and Instructions ,   Forgiveness Applications and Instructions ,   Forgiveness Application and Intructions ,   Paycheck Protection Program Borrower’s Disclosure of Certain Controlling Interests ,   PPP Agreement for New Lenders Banks Credit Unions ,   PPP Agreement for Lenders Non Bank Non Insured Depository Institution Lenders ,   PPP Borrower Application ,   PPP Borrower Application ,   PPP Lender 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	35,679,326	34,929,702	0	749,624	0	0
Annual Time Burden (Hours)	9,505,578	9,038,154	0	467,424	0	0
Annual Cost Burden (Dollars)	340,915,960	335,325,139	0	5,590,821	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: The total burden hours have increased. This has occurred because by allowing Schedule C filers to calculate their PPP loan amount using gross income instead of net profit, the number of borrowers eligible to receive a PPP loan will increase. Additionally, the estimate of the number of respondents that will submit the Form 2483 has been increased based on actual program performance to date.

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Annual Cost to Federal Government: $173,124,509

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: 03/03/2021

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