[Federal Register Volume 86, Number 34 (Tuesday, February 23, 2021)]
[Notices]
[Page 11041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03695]



[[Page 11041]]

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

SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

ACTION: 60-Day notice and request for comments.

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

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) 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 April 26, 2021.

ADDRESSES: Send all comments to, Cynthia Pitts, Office of Disaster 
Assistance, Small Business Administration.

FOR FURTHER INFORMATION CONTACT: Cynthia Pitts, [email protected], 
(202) 205-7570.

SUPPLEMENTARY INFORMATION: The Coronavirus Aid, Relief, and Economic 
Security Act, Public Law 116-136 (April 27, 2020) authorized SBA to 
provide an Advance of up to $10,000 to applicants who applied for an 
economic injury disaster loan (EIDL) in response to the COVID-19 
pandemic. SBA developed a streamlined information collection to 
implement this EIDL Advance authority, including a Self-Certification 
for Verification of Eligible Entity for Emergency EIDL Advance, SBA 
Form 3503, along with several other forms used to collect information 
for COVID-EIDL loans. (OMB Control Number 3245-0406). On July 10, 2020, 
SBA revised this information collection to remove all references to the 
EIDL Advance, because the appropriated funds for the EIDL Advance 
program had been exhausted. SBA received additional funds under the 
Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, 
(Economic Aid Act), Public Law 116-260, Div. N, Title III, Sec. 323 
(December 27, 2020), to provide additional Advances subject to certain 
conditions. Specifically, Section 331 of the Economic Aid Act requires 
SBA to provide Targeted EIDL Advances (Targeted EIDL Advance) to 
certain entities that previously received an EIDL Advance of less than 
$10,000; entities that previously applied for a COVID-EIDL, but did not 
receive an EIDL Advance because there were no funds available; and to 
new COVID-EIDL applicants, subject to the availability of funds. 
Eligible entities must be located in a low-income community, must have 
300 or fewer employees, must have economic losses of greater than 30 
percent, and must meet all other eligibility requirements applicable to 
EIDLs. SBA has created a new application (Form 3514) to collect the 
information necessary to implement the Targeted EIDL Advance authority. 
Because the need for this financial assistance is so critical, SBA 
requested and received emergency approval under 5 CFR 1320.13 for this 
new information collection. The information will be collected from 
applicants (small businesses and nonprofits) that are eligible to apply 
for a Targeted EIDL Advance. SBA's Office of Disaster Assistance (ODA) 
will use the information in determining whether to approve or 
disapprove the application.

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

    PRA Number: 3245-0419.
    (1) Title: Application for COVID-19 Targeted Advance.
    Description of Respondents: Individual seeking COVID-19 Economic 
Injury Disaster Loan Targeted Advance.
    Form Number: SBA Form 3514.
    Total Estimated Annual Responses: 8,625,250.
    Total Estimated Annual Hour Burden: 4,312,625.

Curtis Rich,
Management Analyst.
[FR Doc. 2021-03695 Filed 2-22-21; 8:45 am]
BILLING CODE 8026-03-P