[Federal Register Volume 72, Number 174 (Monday, September 10, 2007)]
[Notices]
[Page 51695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-17753]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments and Recommendations

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 November 9, 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] or 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 guaranteed 
loans. This is supported by the limited number of SBA loans produced by 
small 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 
4-1), 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 loan applicants.
    Annual Responses: 4,000.
    Annual Burden: 24,000.

Jacqueline White,
Chief, Administrative Information Branch.
 [FR Doc. E7-17753 Filed 9-7-07; 8:45 am]
BILLING CODE 8025-01-P