Emergency Request

3245-0407 Emergency Justification for 3508 revisions and 3509 +3510 Cancellation 7-19-2021 signed JK.pdf

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

Emergency Request

OMB: 3245-0407

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U.S. SMALL BUSINESS ADMINISTRATION
WASHINGTON, DC 20416

July 19, 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 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.
SBA is requesting approval to implement changes to loan forgiveness forms SBA Form 3508,
Paycheck Protection Program, Loan Forgiveness Application Form 3508, SBA Form 3508EZ,
Paycheck Protection Program, PPP Loan Forgiveness Application Form 3508EZ, and SBA Form
3508S, Paycheck Protection Program, PPP Loan Forgiveness Application Form 3508S. Among
other things, the three forms were revised as follows:
•

•
•

To reflect changes made to the calculation of payroll costs by Schedule C filers for PPP
purposes under the interim final rule titled “Business Loan Program Temporary Changes;
Paycheck Protection Program Revisions to Loan Amount Calculation and Eligibility”
(Loan Amount Calculation Rule).
To incorporate payroll cost exclusions required by the American Rescue Plan Act. (P.L.
117-2).
To delete the question (and instructions) related to the SBA Form 3509, Loan Necessity
Questionnaire (For-Profit Borrowers) and SBA Form 3510, Loan Necessity Questionnaire
(Non-Profit Borrowers) that SBA is requesting approval to discontinue.

SBA has also made revisions to the SBA Form 3508S and Instructions, the SBA Form 3508D, and
[No Form Number] Lender Reporting Requirements Concerning Requests for Loan Forgiveness
to reflect changes made under the interim final rule titled “Business Loan Program Temporary
Changes; Paycheck Protection Program – COVID Revenue Reduction Score, Direct Borrower
Forgiveness Process, and Appeals Deferment.”
SBA has also made a revision to [No Form Number] Lender Reporting Requirements for Loan
Review related to the discontinuance of the SBA Form 3509, Loan Necessity Questionnaire (ForProfit Borrowers) and SBA Form 3510, Loan Necessity Questionnaire (Non-Profit Borrowers).

Susan Minson
Page 2
Finally, SBA is requesting approval to discontinue SBA Form 3509, Loan Necessity Questionnaire
(For-Profit Borrowers) and SBA Form 3510, Loan Necessity Questionnaire (Non-Profit
Borrowers).
The authority for the program expired on June 30, 2021. There is an urgent need to make the
revised forgiveness forms available as soon as possible because (a) borrowers are continuing to
apply for forgiveness and it is important that borrowers are able to use forms with the most updated
information, and (b) there is a short period of time before certain borrowers will be required to
begin making principal and interest payments on their loans if they have not yet applied for
forgiveness with their lenders, and the changes to the SBA Form 3508S will allow the borrowers
to have another alternative to submit their forgiveness applications. Therefore, given the urgent
need to make the revised information collection available to the affected small businesses and
nonprofits, 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.
Sincerely,

JI KIM

Digitally signed by JI KIM
Date: 2021.07.19 08:11:33 -04'00'

Jihoon Kim
Director, Office of Financial Program Operations


File Typeapplication/pdf
AuthorKeri Pessagno
File Modified2021-07-19
File Created2021-07-19

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