U.S. Small Business Administration Application for Section 504 Loan

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
35619	U.S. Small Business Administration Application for Section 504 Loan Form	Migrated

ICR Details

OMB Control No: 3245-0071	ICR Reference No: 200504-3245-002
Status: Historical Active	Previous ICR Reference No: 200201-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: U.S. Small Business Administration Application for Section 504 Loan
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/27/2005
	Date Received in OIRA: 04/28/2005
Terms of Clearance: Prior to resubmission of this information collection for renewal, the agency must conduct a more in-depth analysis of the burden of this collection. In particular, the agency must review each of the exhibits required by this form, and, for those exhibits not covered by other OMB Control Numbers, ensure that the agency is accurately accounting for the cost of gathering and providing information. For those exhibits based on information already available to the business, the burden should reflect the costs of duplicating and providingthe information. The agency should also note that this approval covers only the use of this paper form and not conversion of this form into an electronic approval process. As these terms of clearance were given for the previous approval under this OMB Control Number but not followed, this approval is for 18 months to ensure timely compliance.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2006	12/31/2006	06/30/2005
Responses	10,000	0	5,200
Time Burden (Hours)	20,800	0	11,700
Cost Burden (Dollars)	0	0	0

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Abstract: Information necessary for SBA to determine whether loan applicant meets SBA's credit and regulatory criteria. Respondents are small business concerns and Development Companies which are certified by SBA to package 504 loans.

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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:

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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
U.S. Small Business Administration Application for Section 504 Loan	1244

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ICR Summary of Burden

	Total Approved	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	10,000	5,200	0	-448	5,248	0
Annual Time Burden (Hours)	20,800	11,700	0	-850	9,950	0
Annual Cost Burden (Dollars)	0	0	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: Yes

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 04/28/2005

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