[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Page 48700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12467]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: U.S. 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 July 8, 2024.

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: Specific 7(a) WCP policy questions 
should be directed to [email protected]. For further information, contact 
Ginger Allen, Chief, 7(a) Loan Policy Division, Office of Financial 
Assistance, Office of Capital Access, Small Business Administration, at 
(202) 205-7110 or [email protected], or Daniel Pische, Director, 
International Trade Finance, Office of International Trade, Small 
Business Administration, at (202) 205-7119 or [email protected]. 
The phone numbers above may also be reached by individuals who are deaf 
or hard of hearing, or who have speech disabilities, through the 
Federal Communications Commission's TTY-Based Telecommunications Relay 
Service teletype service at 711. Curtis B. Rich, Agency Clearance 
Officer [email protected] 202-205-7030.

SUPPLEMENTARY INFORMATION: SBA is contemplating a new 7(a) Working 
Capital Pilot (WCP) Program within SBA's 7(a) Loan Programs. As part of 
the implementation plan for this program SBA has created a new addendum 
to SBA Form 1919, SBA Form 2534, ``7(a) Working Capital Pilot Program 
Addendum to SBA Form 1919'', to collect specific Applicant business 
information for the 7(a) WCP Program when a Lender submits a 7(a) WCP 
application for guaranty. The collection of this information assists in 
identifying Applicant businesses applying for the 7(a) WCP Program and 
pertinent information applicable to the pilot program. The form is 
comprised of questions that help identify the delivery method(s) of the 
7(a) WCP loan, gather data for asset-based 7(a) WCP loans regarding 
initial advance rates for accounts receivable and inventory, and 
whether 7(a) WCP loan proceeds will be used to refinance the Lender's 
same institution SBA Express loan(s). SBA Form 2534 must be completed 
by the Lender and the information from the form will be submitted to 
SBA electronically via SBA's electronic transmission (E-Tran) platform. 
Only one form will be submitted as part of an application. SBA expects 
most Lenders to collect the data through internal or third-party 
software platforms. Lenders must retain the form in the respective loan 
file.

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.

Summary of Information Collection

    PRA Number: 3245-.
    Title: SBA Form 2534 ``7(a) Working Capital Pilot Program Addendum 
to SBA Form 1919.''
    Description of Respondents: SBA 7(a) Lenders processing WCP Program 
Loans.
    Form Number: 2534.
    Estimated Number of Respondents: 214.
    Total Estimated Annual Responses: 214.
    Total Estimated Annual Hour Burden: 17.83.

Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-12467 Filed 6-6-24; 8:45 am]
BILLING CODE 8026-09-P