[Federal Register Volume 86, Number 146 (Tuesday, August 3, 2021)]
[Notices]
[Pages 41880-41881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-16451]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day notice.

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SUMMARY: The Small Business Administration (SBA) is seeking approval 
from the Office of Management and Budget (OMB) for the information 
collection described below. In accordance with the Paperwork Reduction 
Act and OMB procedures, SBA is publishing this notice to allow all 
interested member of the public an additional 30 days to provide 
comments on the proposed collection of information.

DATES: Submit comments on or before September 2, 2021.

ADDRESSES: Written comments and recommendations for this information 
collection request should be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection request by selecting ``Small Business 
Administration''; ``Currently Under Review,'' then select the ``Only 
Show ICR for Public Comment'' checkbox. This information collection can 
be identified by title and/or OMB Control Number.

FOR FURTHER INFORMATION CONTACT: You may obtain a copy of the 
information collection and supporting documents from the Agency 
Clearance Office at [email protected]; (202) 205-7030, or from 
www.reginfo.gov/public/do/PRAMain.

SUPPLEMENTARY INFORMATION: The Coronavirus Aid, Relief, and Economic 
Security Act, (CARES 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. On December 27, 2020, SBA received additional funds 
under the Economic Aid to Hard-Hit Small Businesses,

[[Page 41881]]

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.
    This information collection, SBA Form 3514 was created to to 
collect the information necessary to implement the Targeted EIDL 
Advance authority. The information is collected from applicants (small 
businesses and nonprofits) that meet the eligibility criteria, 
described above, to apply for a Targeted EIDL Advance. SBA's Office of 
Capital Access uses the information in determining whether to approve 
or disapprove the application.
    Because of the urgent need to provide the additional financial 
assistance authorized by the Economic Aid Act, on January 15, 2021, SBA 
requested and received emergency approval under 5 CFR 1320.13 to use 
Form 3514. That approval, which included a waiver of the 60-day and 30-
day public comment notices required by the Paperwork Reduction Act, 
expires on July 31, 2021. SBA published the 60-day notice on February 
23, 2021, at 86 FR 11041; no comments were received.

Solicitation of Public Comments

    Comments may be submitted 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.
    OMB Control No.: 3245-0419.
    Title: Application for COVID-19 Targeted Advance.
    Description of Respondents: Small Businesses and Non-Profits.
    Estimated Number of Respondents: SBA Form 3514.
    Estimated Number of Respondents: 8,625,250.
    Estimated Annual Responses: 8,625,250.
    Estimated Annual Hour Burden: 4,312,625.

Curtis Rich,
Management Analyst.
[FR Doc. 2021-16451 Filed 8-2-21; 8:45 am]
BILLING CODE 8026-03-P