Administrative Declaration of a Disaster for the State of Texas, 34702 [2020-12201]
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Federal Register / Vol. 85, No. 109 / Friday, June 5, 2020 / Notices
loans’’). 15 U.S.C. 697(a). The Small
Business Act and the Small Business
Investment Act mandate that all
guaranteed loans provided by the SBA
to small business concerns (SBCs) must
have a reasonable assurance of ability to
repay. See 15 U.S.C. 636(a)(6) and
687(f); see also 13 CFR 120.150. The
information collections described
below—SBA Form 1244 and SBA Form
2450—are part of the application
process for a 504 loan. SBA is proposing
to make changes to Form 2450 to
remove duplicative questions as well as
questions that are no longer applicable
to the 504 Loan Program.
Solicitation of Public Comments
SBA is requesting comments 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.
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Summary of Information Collections
Title: Application for Section 504
Loan.
Description of Respondents: Small
Business Concerns applying for a
section 504 loan and Certified
Development Companies.
(i) Form Number: SBA Form 1244,
Application for Section 504 Loan. The
information collected by this form is
used to review the eligibility of the
small business concern (SBC) for SBA
financial assistance; the
creditworthiness and repayment ability
of the SBC; and the terms and
conditions of the 504 loan for which the
SBC is applying.
(ii) Form 2450 is the Eligibility
Checklist used to document the 504
loan’s eligibility based on program
requirements. These forms are used by
CDCs to request SBA’s guarantee on
each debenture.
SBA has established a streamlined
loan application processing procedure
known as the Abridged Submission
Method (ASM). Under this process, the
CDCs are required to collect and retain
all exhibits to SBA Form 1244, but are
only required to submit selective
documents. CDCs using the non-ASM
method are required to submit all
documents and exhibits required for
Form 1244. All CDCs must submit the
Form 2450.
The burden estimates (based on the
experience of the CDCs and SBA field
offices) of the burden hours imposed by
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use of these forms, including exhibits,
are as follows:
There are 260 CDCs affected by the
information collection. The total
number of small business concerns that
will annually respond to Form 1244 is
approximately 7,000 based on the
average submission of applications
submitted from CDCs over the past FY
using both the ASM and non-ASM
methods. This is a total of 7,260
respondents. Burden hours are 2.25
hours for ASM and 2.45 hours for nonASM submissions (this number is
slightly higher due to the fact that these
respondents are required to submit more
documentation than the ASM
respondents). These estimates include
the content from SBA Form 2450, which
takes an estimated 15 minute for
completion.
Solicitation of Public Comments
SBA is requesting comments 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.
Incident: Severe Storms and
Tornadoes.
Incident Period: 04/22/2020.
DATES: Issued on 06/01/2020.
Physical Loan Application Deadline
Date: 07/31/2020.
Economic Injury (EIDL) Loan
Application Deadline Date: 03/01/2021.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration,
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Polk
Contiguous Counties:
Texas: Angelina, Hardin, Liberty, San
Jacinto, Trinity, Tyler.
The Interest Rates are:
Summary of Information Collection
Form 1244
Total burden hours = 16,799
Submission through the ASM—4,937 ×
2.25 = 11,108 burden hours
Submission through non-ASM (standard
method)—2,323 × 2.45 = 5,691 burden
hours
Form 2450
Total burden hours = 1,815
Submission through the ASM and nonASM—7,260 × .25 = 1,815 burden
hours
Curtis Rich,
Management Analyst.
[FR Doc. 2020–12173 Filed 6–4–20; 8:45 am]
BILLING CODE 8026–03–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16478 and #16479;
Texas Disaster Number TX–00550]
Administrative Declaration of a
Disaster for the State of Texas
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
PO 00000
Frm 00114
Fmt 4703
Sfmt 9990
For Physical Damage:
Homeowners With Credit Available Elsewhere ......................
Homeowners Without Credit
Available Elsewhere ..............
Businesses With Credit Available Elsewhere ......................
Businesses
Without
Credit
Available Elsewhere ..............
Non-Profit Organizations With
Credit Available Elsewhere ...
Non-Profit Organizations Without Credit Available Elsewhere .....................................
For Economic Injury:
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..............
Non-Profit Organizations Without Credit Available Elsewhere .....................................
3.125
1.563
7.500
3.750
2.750
2.750
3.750
2.750
The number assigned to this disaster
for physical damage is 16478 C and for
economic injury is 16479 0.
The State which received an EIDL
Declaration # is Texas.
(Catalog of Federal Domestic Assistance
Number 59008)
This is a notice of an
Administrative declaration of a disaster
for the State of Texas dated 06/01/2020.
SUMMARY:
Percent
Jovita Carranza,
Administrator.
[FR Doc. 2020–12201 Filed 6–4–20; 8:45 am]
BILLING CODE 8026–03–P
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[Federal Register Volume 85, Number 109 (Friday, June 5, 2020)]
[Notices]
[Page 34702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12201]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #16478 and #16479; Texas Disaster Number TX-
00550]
Administrative Declaration of a Disaster for the State of Texas
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of Texas dated 06/01/2020.
Incident: Severe Storms and Tornadoes.
Incident Period: 04/22/2020.
DATES: Issued on 06/01/2020.
Physical Loan Application Deadline Date: 07/31/2020.
Economic Injury (EIDL) Loan Application Deadline Date: 03/01/2021.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street SW,
Suite 6050, Washington, DC 20416, (202) 205-6734.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the Administrator's disaster declaration, applications for disaster
loans may be filed at the address listed above or other locally
announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties: Polk
Contiguous Counties:
Texas: Angelina, Hardin, Liberty, San Jacinto, Trinity, Tyler.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners With Credit Available Elsewhere................. 3.125
Homeowners Without Credit Available Elsewhere.............. 1.563
Businesses With Credit Available Elsewhere................. 7.500
Businesses Without Credit Available Elsewhere.............. 3.750
Non-Profit Organizations With Credit Available Elsewhere... 2.750
Non-Profit Organizations Without Credit Available Elsewhere 2.750
For Economic Injury:
Businesses & Small Agricultural Cooperatives Without Credit 3.750
Available Elsewhere.......................................
Non-Profit Organizations Without Credit Available Elsewhere 2.750
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 16478 C
and for economic injury is 16479 0.
The State which received an EIDL Declaration # is Texas.
(Catalog of Federal Domestic Assistance Number 59008)
Jovita Carranza,
Administrator.
[FR Doc. 2020-12201 Filed 6-4-20; 8:45 am]
BILLING CODE 8026-03-P
