Justification for Non-Substantive Change

Non-Substantive Change Request

OMB Control Number 3245-0078

SBA Form 1031 Portfolio Financing Report

Date Submitted: February 24, 2025

Summary of Request: SBA is requesting a change request to revise questions to align with E.O. 14168 Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government.

Description of Changes Requested: This request updates questions used in SBA Form 1031 to be in accordance with EO 14168. This request includes:

 Revision of existing questions

 Deletion of existing questions

Description of Changes to Burden (if applicable): N/A

Description of Changes:

SBA Form 1031	Type of Change	Question/Item	Requested Change
Instructions, v2.0	Question Revision/Deletion	Ps 9&11, Part A – Small Business Data Voluntary Demographic Information regarding Ownership, Founders, & CEOs	Changed “Gender” to “Sex” - removed “X” and “Prefer Not to Disclose” options
Excel Form, v2.0	Question Revision/ Deletion	Part A – Small Business Data Tab –Voluntary Demographic Information regarding Ownership, Founders, & CEOs	Deleted - removed “X” and “Prefer Not to Disclose” options

Attachments (if applicable):

• SBA Form 1031, Instructions, v2.0

• SBA Form 1031, v2.0