Justification

U.S. SMALL BUSINESS ADMINISTRATION
WASHINGTON, DC 20416

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,

JI KIM

Digitally signed by JI KIM
Date: 2021.03.02 17:28:20
-05'00'

Jihoon Kim
Director,
Office of Financial Program Operations