[Federal Register Volume 72, Number 166 (Tuesday, August 28, 2007)]
[Notices]
[Page 49344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-16939]


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SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments and Recommendations

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Small Business Administration's intentions to 
request approval on a new and/or currently approved information 
collection.

DATES: Submit comments on or before October 29, 2007.

ADDRESSES: Send all comments regarding whether this information 
collection is necessary for the proper performance of the function of 
the agency, whether the burden estimates are accurate, and if there are 
ways to minimize the estimated burden and enhance the quality of the 
collection, to Gail Hepler, Chief 7a Loan Policy Branch, Office of 
Financial Assistance, Small Business Administration, 409 3rd Street, 
SW., Suite 8300, Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Gail Hepler, Chief 7a Loan Policy 
Branch, Office of Financial Assistance, 202-205-7530, 
[email protected]; Curtis B. Rich, Management Analyst, 202-205-7030, 
[email protected].

SUPPLEMENTARY INFORMATION: The SBA has continued to hear from many 
lenders, particularly rural/small lenders, that despite recent efforts 
to streamline its loan processes through such initiatives as 
SBAExpress, the Agency is not meeting the needs of these lenders for 
small SBA guaranteed loans. This is supported by the limited number of 
SBA loans produced by smaller lenders. As a result, SBA is moving 
forward to redesign its standard 7(a) loan application form and re-
engineer its standard 7(a) loan process for loans of $350,000 or less, 
which will be processed through a centralized and highly automated and 
streamlined loan facility. The proposed information collection thus 
represents the first phase of the redesign of an existing SBA loan form 
(SBA Form 4 and Form 4-I), initially for loans of $350,000, with the 
redesign intended to reduce the time and paperwork of lenders and the 
public to prepare an SBA loan application. This redesign of the SBA 
loan application process for loans of $350,000 or less will be the 
first phase of what ultimately will become a tiered loan application 
process that will require less information for smaller loans but 
appropriately more information from a borrower or lender as the size 
and/or complexity of a loan increases.
    Title: ``Application for Community Lender Initiative and 
Instructions Community Lender Initiative Eligibility Questionnaire.''
    Description of Respondents: SBA Lenders and SBA loan applicants.
    Form No.'s: N/A.
    Annual Responses: 4,000.
    Annual Burden: 24,000.

Jacqueline White,
Chief, Administrative Information Branch.
 [FR Doc. E7-16939 Filed 8-27-07; 8:45 am]
BILLING CODE 8025-01-P