🏦SBA Seeks Public Comments on Data Collection for Business Loans
Data Collection Available for Public 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) 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.
Agencies
- Small Business Administration
Business Impact
$$ - Med
The SBA is soliciting public comments on an information collection related to the loan servicing process, indicating regulatory compliance requirements for businesses in the SBA 504 loan program. This affects business owners who may engage with these loan services and need to understand and provide feedback, impacting their financial planning and operational compliance.