Patriot Express Pilot Loan Initiative, 77935 [2010-31323]

Download as PDF srobinson on DSKHWCL6B1PROD with NOTICES Federal Register / Vol. 75, No. 239 / Tuesday, December 14, 2010 / Notices A discussion was held on possible methodology for research and gap analysis. Solicitations on how to organize the gathered data and compile lists was sought. It was stated that it is important that topics don’t get missed during the first pass of data sorting. To help with this work, Mr. Michael Mitchell volunteered to be a liaison to the PCI Standards organization. He stated that they have a small business section with lots of potentially valuable information and would be happy to work with them on behalf of the Task Force to gather information from them. The discussion evolved into the need for resources and a software tool to capture, store, and list all of the gathered data. This discussion highlighted the need for qualitative caveats, as the amount of information such as certification and training resources could be enormous. The issue of funding and licenses for the purpose of this project was discussed. A question on Task Force funding was asked. Mr. Pickens stated that an appropriation of finances was included within the authorizing law to support the Task Force. Mr. Pickens agreed to consult the appropriate parties to determine if it was indeed allocated. During the open floor portion of the meeting, Mr. Terry Erdle volunteered to interface on behalf of CompTIA to the list of Trade Associations, as CompTIA functions both as a certifying body and a Trade Association for the computing technology industry itself. Mr. Aaron Berstein then volunteered to contact Microsoft to inquire into the possibility of Microsoft providing an online collaborative space software tool for use. Additionally, Dr. Babita Gupta volunteered to look at resources within the nonprofit and academia sectors for available research that would be helpful to the Task Force. At the conclusion of the meeting, everyone was instructed to take away the draft work plan handout as a starting point for brainstorming how to handle the task of gathering, sorting, and reporting back on the data. Responses on the document were requested to be provided to Mr. Pickens by Friday, December 3, 2010, who will then consolidate them all into a single document for discussion at the next meeting. The meeting was adjourned at 1:42 p.m. FOR FURTHER INFORMATION CONTACT: Rusty Pickens, Special Consultant to the VerDate Mar<15>2010 17:09 Dec 13, 2010 Jkt 223001 Office of the CIO, U.S. Small Business Administration, Rusty.Pickens@sba.gov. Paul T. Christy, SBA Chief Information Officer. [FR Doc. 2010–31324 Filed 12–13–10; 8:45 am] 77935 sufficient time to measure their performance. An extension of this pilot for an additional three years will allow SBA time to better evaluate the results of the program and determine whether changes need to be made. BILLING CODE 8025–01–P Authority: 15 U.S.C. 636(a)(25); 13 CFR 120.3. SMALL BUSINESS ADMINISTRATION Grady B. Hedgespeth, Director, Office of Financial Assistance. Patriot Express Pilot Loan Initiative [FR Doc. 2010–31323 Filed 12–13–10; 8:45 am] U.S. Small Business Administration (SBA). ACTION: Notice of extension of the Patriot Express Pilot Loan Initiative. BILLING CODE 8025–01–P This notice extends the Patriot Express Pilot Loan Initiative in its current form through December 31, 2013. This pilot initiative, established in 2007, was designed to increase lending to small businesses owned by members of the military community. It is based on the SBA Express model which uses streamlined documentation but provides a higher SBA guaranty of 85 percent for loans of $150,000 or less and 75 percent for loans greater than $150,000 up to $500,000. DATES: The Patriot Express Pilot Loan Initiative is extended through December 31, 2013. FOR FURTHER INFORMATION CONTACT: Grady B. Hedgespeth, Director, Office of Financial Assistance, U.S. Small Business Administration, 409 Third Street, SW., Washington, DC 20416; Telephone (202) 205–6490; grady.hedgespeth@sba.gov. SUPPLEMENTARY INFORMATION: The Patriot Express Pilot Loan Initiative was established in 2007 and was based on the Agency’s SBA Express Program. Lenders approved for participation in Patriot Express are authorized to use the expedited loan processing procedures in place for SBA Express, in order to specifically support lending to small businesses owned by eligible members of the military community. To encourage lenders to make these loans, SBA provides its full 75–85 percent guaranty, rather than the 50 percent guaranty the Agency provides under SBA Express. Also, the maximum loan amount under this pilot initiative is $500,000. On June 22, 2007, SBA published a notice in the Federal Register announcing the program. (72 FR 34501) Since the program was implemented, more than 6,800 Patriot Express loans have been approved. SBA believes it is premature to assess the results of this pilot initiative at this time because most of the loans in this pilot were made in the last two years and there has not been [Public Notice 7266] AGENCY: SUMMARY: PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 DEPARTMENT OF STATE 30-Day Notice of Proposed Information Collection: DS–160, Online Application for Nonimmigrant Visa, OMB 1405– 0182 Notice of request for public comment and submission to OMB of proposed collection of information. ACTION: The Department of State has submitted the following information collection request to the Office of Management and Budget (OMB) for approval in accordance with the Paperwork Reduction Act of 1995. • Title of Information Collection: Online Application for Nonimmigrant Visa. • OMB Control Number: 1405–0182. • Type of Request: Revision. • Originating Office: Bureau of Consular Affairs, Visa Services (CA/ VO). • Form Number: DS–160. • Respondents: All nonimmigrant visa applicants. • Estimated Number of Respondents: 6.5 million. • Estimated Number of Responses: 6.5 million. • Average Hours Per Response: 75 minutes. • Total Estimated Burden: 8,125,000 hours. • Frequency: Once per visa application. • Obligation to Respond: Required to obtain benefit. DATES: Submit comments to the Office of Management and Budget (OMB) for up to 30 days from December 14, 2010. ADDRESSES: Direct comments to the Department of State Desk Officer in the Office of Information and Regulatory Affairs at the Office of Management and Budget (OMB). You may submit comments by the following methods: • E-mail: oira_submission@omb.eop.gov. You must include the DS form number, SUMMARY: E:\FR\FM\14DEN1.SGM 14DEN1

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[Federal Register Volume 75, Number 239 (Tuesday, December 14, 2010)]
[Notices]
[Page 77935]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-31323]


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SMALL BUSINESS ADMINISTRATION


Patriot Express Pilot Loan Initiative

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Notice of extension of the Patriot Express Pilot Loan 
Initiative.

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

SUMMARY: This notice extends the Patriot Express Pilot Loan Initiative 
in its current form through December 31, 2013. This pilot initiative, 
established in 2007, was designed to increase lending to small 
businesses owned by members of the military community. It is based on 
the SBA Express model which uses streamlined documentation but provides 
a higher SBA guaranty of 85 percent for loans of $150,000 or less and 
75 percent for loans greater than $150,000 up to $500,000.

DATES: The Patriot Express Pilot Loan Initiative is extended through 
December 31, 2013.

FOR FURTHER INFORMATION CONTACT: Grady B. Hedgespeth, Director, Office 
of Financial Assistance, U.S. Small Business Administration, 409 Third 
Street, SW., Washington, DC 20416; Telephone (202) 205-6490; 
grady.hedgespeth@sba.gov.

SUPPLEMENTARY INFORMATION: The Patriot Express Pilot Loan Initiative 
was established in 2007 and was based on the Agency's SBA Express 
Program. Lenders approved for participation in Patriot Express are 
authorized to use the expedited loan processing procedures in place for 
SBA Express, in order to specifically support lending to small 
businesses owned by eligible members of the military community. To 
encourage lenders to make these loans, SBA provides its full 75-85 
percent guaranty, rather than the 50 percent guaranty the Agency 
provides under SBA Express. Also, the maximum loan amount under this 
pilot initiative is $500,000.
    On June 22, 2007, SBA published a notice in the Federal Register 
announcing the program. (72 FR 34501) Since the program was 
implemented, more than 6,800 Patriot Express loans have been approved. 
SBA believes it is premature to assess the results of this pilot 
initiative at this time because most of the loans in this pilot were 
made in the last two years and there has not been sufficient time to 
measure their performance. An extension of this pilot for an additional 
three years will allow SBA time to better evaluate the results of the 
program and determine whether changes need to be made.

    Authority:  15 U.S.C. 636(a)(25); 13 CFR 120.3.

Grady B. Hedgespeth,
Director, Office of Financial Assistance.
[FR Doc. 2010-31323 Filed 12-13-10; 8:45 am]
BILLING CODE 8025-01-P
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