[Federal Register Volume 78, Number 169 (Friday, August 30, 2013)]
[Notices]
[Page 53816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-21245]


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SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

ACTION: 60-day notice and request for comments.

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SUMMARY: The Small Business Administration (SBA) intends to request 
approval, from the Office of Management and Budget (OMB) for the 
collection of information described below. The Paperwork Reduction Act 
(PRA) of 1995, 44 U.S.C. Chapter 35 requires federal agencies to 
publish a notice in the Federal Register concerning each proposed 
collection of information before submission to OMB, and to allow 60 
days for public comment in response to the notice. This notice complies 
with that requirement.

DATES: Submit comments on or before October 29, 2013.

ADDRESSES: Send all comments to Patrick Kelley, Deputy Associate 
Administrator, Office of Capital Access, Small Business Administration, 
409 3rd Street, 8th Floor, Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Patrick Kelley, Deputy Associate 
Administrator, 202-205-0067, [email protected], or Curtis B. Rich, 
Management Analyst, 202-205-7030, [email protected];

SUPPLEMENTARY INFORMATION: The Small Business Investment Act authorizes 
SBA to guarantee a debenture issued by a Certified Development Company 
(CDC). The proceeds from each debenture are used to fund loans to 
eligible small business concerns (``504 loans''). 15 U.S.C. 697(a). The 
Small Business Act and the Small Business Investment Act mandate that 
all guaranteed loans provided by the SBA to small business concerns 
(SBCs) must have a reasonable assurance of ability to repay. See 15 
U.S.C. 636(a)(6) and 687(f); see also 13 CFR 120.150. The information 
collections described below relate to the application for a 504 loan, 
SBA Form 1244 (OMB Control Number 3245-0071), and the annual report 
required from Certified Development Companies (CDCs), CDC Annual Report 
Guide, SBA Form 1253 (OMB Control Number 3245-0074). SBA is proposing 
to make changes to these information collections in order to conform 
them to pending changes in the 504 loan program. Specifically, changes 
are pending that will revise the exhibits required to be attached to 
the 504 application form, and to clarify in the CDC Annual Report Guide 
the consequences for the CDC if it fails to file the CDC Annual Report 
in a timely manner.

Solicitation of Public Comments

    SBA is requesting comments 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 Collection

    (1) Title: Application for Section 504 Loan.
    Description of Respondents: Small Business Concerns applying for a 
section 504 loan and Certified Development Companies.
    Form Number: SBA Form 1244: The information collected on SBA Form 
1244 is used to review the creditworthiness and repayment ability of 
the Small Business Concern (SBC), the eligibility of the SBC for SBA 
financial assistance, the terms and conditions of the 504 loan for 
which the SBC is applying, and to determine whether there is a 
reasonable assurance of the SBC's ability to repay the loan. The form 
is also used by CDCs to request SBA's guarantee on the debenture.
    Total Estimated Annual Responses: 6,800.
    Total Estimated Annual Hour Burden: 14,195.
    (2) Title: Certified Development Company (CDC) Annual Report Guide.
    Description of Respondents: Certified Development Companies.
    Form Number: SBA Form 1253: Agency regulations at 13 CFR 120.830 
require CDCs to submit an annual report which contains financial 
statements, operational and management information. It is used by the 
district offices, Office of Financial Assistance, and Office of Credit 
Risk Management to obtain information from the CDCs.
    Total Estimated Annual Responses: 266.
    Total Estimated Annual Hour Burden: 7,488.

    Dated: August 26, 2013.
Yvonne K. Wilson,
Chief, Administrative Information Branch.
[FR Doc. 2013-21245 Filed 8-29-13; 8:45 am]
BILLING CODE 8025-01-P