Reporting and Recordkeeping Requirements Under OMB Review
Federal Register, Volume 79 Issue 188 (Monday, September 29, 2014)
Federal Register Volume 79, Number 188 (Monday, September 29, 2014)
Notices
Pages 58399-58400
From the Federal Register Online via the Government Printing Office www.gpo.gov
FR Doc No: 2014-23031
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SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping Requirements Under OMB Review
AGENCY: Small Business Administration.
ACTION: 30-Day Notice.
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SUMMARY: The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA) (44 U.S.C. Chapter 35), which requires agencies to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public that the agency has made such a submission. This notice also allows an additional 30 days for public comments.
DATES: Submit comments on or before October 29, 2014.
ADDRESSES: Comments should refer to the information collection by name and/or OMB Control Number and should be sent to: Agency Clearance Officer, Curtis Rich, Small Business Administration, 409 3rd Street SW., 5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, (202) 205-7030 curtis.rich@sba.gov
Copies: A copy of the Form OMB 83-1, supporting statement, and other documents submitted to OMB for review may be obtained from the Agency Clearance Officer.
SUPPLEMENTARY INFORMATION: For financial assistance programs authorized by section 7(a) and (b) of the Small Business Act and Title V of the Small Business Investment Act of 1958, SBA regulations require any loan guarantor and individual owners of the small business applicant to submit a personal financial statement to provide information on their assets and liabilities. See, 13 CFR 120.191 and 13 CFR 123.6. The information is necessary for the Agency, the participating lender or CDC to make informed decisions concerning the applicant's repayment abilities or creditworthiness.
For the 8(a) Business Development (BD), Small Disadvantaged Business (SDB), and Women-Owned Small Business (WOSB) programs the information is necessary for SBA to determine if the applicant or participant meets the economic disadvantage requirements to participate in these programs. SBA regulations at 13 CFR
Page 58400
124.104, 124.112, 124.1002, and 13 CFR 127.203 require, among other things, that applicants and participants submit financial information to facilitate this determination.
Solicitation of Public Comments
Comments may be submitted on (a) whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information.
Summary of Information Collections
(1) Title: Personal Financial Statement.
Description of Respondents: Applicants and/or Participants in SBA's 7(a) loan program, 504 loan program, and disaster loan program, and 8(a) Business Development program, and the Women-Owned Small Business program.
Form Numbers: SBA Forms 413(7a), 413(D), 413(8(a)) and 413(WOSB)
Estimated Annual Respondents: 44,588
Estimated Annual Responses: 44,588
Estimated Annual Hour Burden: 66,882
Curtis B. Rich,
Management Analyst.
FR Doc. 2014-23031 Filed 9-26-14; 8:45 am
BILLING CODE 8025-01-P