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

Forms and Documents

Document Name	Status
Form SBA Form 3508 Inst Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty Form and Instruction	Modified
3245-0407 PPP Extension Act 4-06-2021.pdf Supplementary Document	2021-04-06
3245-0407 3506 and 3507 Non-Substantive Change Justification 4-06-2021.docx Justification for No Material/Nonsubstantive Change	2021-04-06
3245-0407 American Rescue Plan Authority_ 3-18-2021.docx Supplementary Document	2021-03-18
3245-0407 Emergency Request _1st Draw_ 3-18-2021.pdf Supplementary Document	2021-03-18
3245-0407 PPP 3508 Revisions Supporting Statement ARP 3-18-2021.docx Supporting Statement A	2021-03-18
3245-0407 Summary Statutory Authority _PPP ICR Economic Aid Amendments(Forgiveness IFR) 1-19-2021.docx Supplementary Document	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

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: 202104-3245-002
Status: Received in OIRA	Previous ICR Reference No: 202103-3245-011
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: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 03/18/2021
Date Submitted to OIRA: 04/06/2021

	Requested	Previously Approved
Expiration Date	09/30/2021	09/30/2021
Responses	37,002,166	37,002,166
Time Burden (Hours)	9,935,129	9,935,129
Cost Burden (Dollars)	355,220,794	355,220,794

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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 18, 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), OMB Control Number 3245-0407. This information collection is currently approved under emergency proceedings until September 30, 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 the PPP information collection are necessary to implement amendments to the program as set out in a pending interim final rule titled, Business Loan Program Temporary Changes; Paycheck Protection Program as amended by American Rescue Plan Act. (RIN: 3245-AH-77). The revisions being submitted at this time reflect the amendments that expanded eligibility for PPP Loans, and provided that a borrower that receives a PPP loan after December 27, 2020, can be approved for a Shuttered Venue Operator Grant under certain conditions. The authority for the PPP 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

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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 , SBA Form 3508S, SBA Form 2483 C , SBA Form 2483, SBA Form 3506, 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 3507	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 Lender Application ,   PPP Borrower Application ,   PPP Borrower Application ,   PPP Agreement for New Lenders Banks Credit Unions ,   PPP Agreement for New Lenders Non Bank Non Insured Depository Institution Lenders

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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	37,002,166	37,002,166	0	0	0	0
Annual Time Burden (Hours)	9,935,129	9,935,129	0	0	0	0
Annual Cost Burden (Dollars)	355,220,794	355,220,794	0	0	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: No

Burden Reduction Due to:

Short Statement: The total burden hours have increased. This has occurred because the American Rescue Plan Act added additional eligible applicants who will apply for PPP loans.

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Annual Cost to Federal Government: $178,740,509

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: 04/06/2021

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