[Federal Register Volume 90, Number 51 (Tuesday, March 18, 2025)] [Notices] [Pages 12630-12631] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2025-04405] ======================================================================= ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Data Collection Available for Public Comments AGENCY: U.S. Small Business Administration. ACTION: 60-Day notice; request for comments. ----------------------------------------------------------------------- SUMMARY: The Small Business Administration (SBA) is publishing this notice in compliance with the Paperwork Reduction Act (PRA) of 1995, as amended, to solicit public comments on the information collection described below. The PRA requires publication of this notice before submitting the information collection to the Office of Management and Budget (OMB) for review and approval. DATES: Submit comments on or before May 19, 2025. ADDRESSES: Comments should refer to the information collection by title or OMB Control Number (3245-0407) and submitted by the deadline above to: [email protected]. FOR FURTHER INFORMATION CONTACT: You may obtain information including a copy of the forms and supporting documents from the Agency Clearance Officer, Curtis Rich, at (202) 205-7030, or [email protected], or from Cailyn Gerald, Director, Internal Controls Division, Office of Financial Program Operations, at 202-205-7373, or [email protected]. SUPPLEMENTARY INFORMATION: Background Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Public Law 116-136, authorized SBA to guarantee loans made by banks or other financial institutions under a temporary program titled the ``Paycheck Protection Program'' (PPP). These loans were available to eligible small businesses, certain non-profit organizations, veterans' organizations, Tribal business concerns, independent contractors, and self-employed individuals adversely impacted by the COVID-19 Emergency. SBA's authority to guarantee PPP loans expired on August 8, 2020. On December 27, 2020, SBA received reauthorization under the Economic Aid Act, Public Law 116-260, to resume guaranteeing PPP loans through March 31, 2021. The Economic Aid Act also amended certain other PPP statutory provisions. On March 11, 2021, the American Rescue Plan Act, Public Law 117-2, was enacted, further amending various PPP statutory provisions. On March 30, 2021, the PPP Extension Act of 2021 was enacted, extending the SBA's PPP program authority through June 30, 2021. This information collection is used for the PPP Loan Program. This approval is set to expire on March 31, 2025. SBA will request approval of an extension of this information collection for three (3) years. Although SBA's PPP program authority has expired, this information collection is still needed for the following reasons: (1) PPP borrowers may apply for forgiveness of their loans up to five years after SBA issued a loan number, which may be as late as 2026; (2) SBA may review a PPP loan at any time; and (3) pending litigation may require the collection of information. Additionally, SBA recently published an Interim Final Rule on Paycheck Protection Program--Extension of Lender Records Retention Requirements [[Page 12631]] (89 FR 68090, August 23, 2024), extending the PPP loan records retention requirements for PPP lenders to ten years from the date of disposition of each individual PPP loan. Because the PPP lender recordkeeping requirements have been extended, this information collection needs to be extended accordingly. Therefore, as required by the Paperwork Reduction Act, SBA is publishing this notice as a prerequisite to seeking OMB's approval to use this information collection beyond March 31, 2025. There are no proposed changes to any of the information to be submitted by lenders or borrowers. Summary of Information Collection Title: Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty. OMB Control Number: 3245-0407. (i) SBA Form 2483--Paycheck Protection Program Borrower Application Form Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 77,329. (ii) SBA Form 2483-C--Paycheck Protection Program Borrower Application Form for Schedule C Filers Using Gross Income. Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 1,993. (iii) SBA Form 2484--Lender's Application--Paycheck Protection Program Loan Guaranty. Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 76,822. (iv) SBA Form 3506, CARES Act Section 1102 Lender Agreement. Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 6. (v) SBA Form 3507, CARES Act Section 1102 Lender Agreement--Non- Bank and Non-Insured Depository Institution Lenders. Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 1. (vi) SBA Form 3508, Paycheck Protection Program--Loan Forgiveness Application. Estimated Number of Respondents: 57,812. Estimated Annual Responses: 57,812. Estimated Annual Hour Burden: 173,678. (vii) SBA Form 3508EZ, Paycheck Protection Program--PPP Loan Forgiveness Application Form EZ. Estimated Number of Respondents:173,437. Estimated Annual Responses:173,437. Estimated Annual Hour Burden: 58,535. (viii) SBA Form 3508S, Paycheck Protection Program--PPP Forgiveness Application Form 3508S. Estimated Number of Respondents: 924,999. Estimated Annual Responses: 924,999. Estimated Annual Hour Burden: 235,104. (ix) SBA Form 3508D--Paycheck Protection Program Borrower's Disclosure of Certain Controlling Interests. Estimated Number of Respondents: 0. Estimated Annual Responses: 0. Estimated Annual Hour Burden: 3 . (x) [No Form Number] Lender Reporting Requirements for Loan Review. Estimated Number of Respondents: 175,000. Estimated Annual Responses: 175,000. Estimated Annual Hour Burden: 88,980. Solicitation of Public Comments SBA invites the public to submit comments, including specific and detailed suggestions on ways to improve the collection and reduce the burden on respondents. Commenters should also address (i) whether the information collection is necessary for the proper performance of SBA's functions, including whether it has any practical utility; (ii) the accuracy of the estimated burdens; (iii) ways to enhance the quality, utility, and clarity of the information to be collected; and (iv) the use of automated collection techniques or other forms of information technology to minimize the information collection burden on those who are required to respond. Curtis Rich, Agency Clearance Officer. [FR Doc. 2025-04405 Filed 3-17-25; 8:45 am] BILLING CODE 8026-09-P