Personal Financial Statement

ICR 202103-3245-013

OMB: 3245-0188

Federal Form Document

IC Document Collections
IC ID
Document
Title
Status
35715 Modified
ICR Details
3245-0188 202103-3245-013
Received in OIRA 201801-3245-003
SBA
Personal Financial Statement
Revision of a currently approved collection   No
Regular 03/31/2021
  Requested Previously Approved
36 Months From Approved 03/31/2021
241,934 251,934
361,640 344,174
9,760,319 0

The regulations for SBA's business loans and disaster loan programs require loan guarantors and individual owners of the small business applicant to submit information on their assets and liabilities to help determine applicant's creditworthiness and repayment ability. For the 8(a) Business Development (BD), Small Disadvantaged Business (SDB), and Women-Owned Small Business (WOSB) programs SBA collects the information from applicants and participants in those programs to determine whether they meet the economic disadvantage requirements to participate in these programs.

None
None

Not associated with rulemaking

  85 FR 77334 12/01/2020
86 FR 13601 03/09/2021
No

1
IC Title Form No. Form Name
Personal Financial Statement SBA Form 413 Personal Financial Statement

  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 241,934 251,934 0 -10,000 0 0
Annual Time Burden (Hours) 361,640 344,174 0 17,466 0 0
Annual Cost Burden (Dollars) 9,760,319 0 0 9,760,319 0 0
Yes
Miscellaneous Actions
No
The increase in the hour burden for respondents is due to recent data obtain in 2020 reporting indicating fewer respondents in 7(a), SBG, and WOSB programs.

$1,366,420
No
    No
    No
No
No
No
No
Mary Frias 202 401-8234 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
03/31/2021


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