Sections 7(a)(36) and 7(a)(37) of the Small Business Act (15 U.S.C. 636) authorize the SBA to guarantee loans made by banks or other financial institutions to qualified small businesses and non-profits under the Paycheck Protection Program, and under 15 USC 636m forgive those loans if appropriate. The regulations covering this loan program require loan applicants and lenders to provide certain information that is used to determine program eligibility and compliance.
There is a decrease in burden hours because SBAâs program authority has expired. SBA Forms 2483, 2483-C, 2484, 3506, and 3507 are being renewed only for records retention purposes.
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.