Summary Burden Spreadsheet

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Overview

Annual Burden
Federal Cost

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Sheet 1: Annual Burden

2020 Business and Industry Guaranteed Loan Program (OMB No. 0570-0069) with B&I CARES Act Guaranteed Loan Progrm update
REPORTING REQUIREMENTS - NO FORMS
		Form	Estimated	Reports	Total	No. of	Estimated		Cost to
Section of	Title	Number	Number of	Filed	Annual	Man-hours	Total	Wage	the
Regulations		(if any)	Respondents	Annually	Responses	per response	Man-hours	Class	Public
4279.16	Appeals	written	10	on	10	12.0	120.0	$47.60	$5,712.00
		documentation		occasion
4279.29	Eligible lenders	written	25	on	25	12.0	300.0	$47.60	$14,280.00
		documentation		occasion
4279.75	Sale or assignment of	written	300	on	300	0.5	150.0	$47.60	$7,140.00
	guaranteed loan	documentation		occasion
4279.78	Repurchase from	written	100	on	100	2.5	250.0	$47.60	$11,900.00
	holder	documentation		occasion
4279.84	Replacement of	written	2	on	2	2.0	4.0	$47.60	$190.40
	document	documentation		occasion
4279.119	Loan guarantee limits	Letter	5	on	5	0.5	2.5	$47.60	$119.00
(a)(1)(ii)	Loan amount			occasion
4279.119	Loan guarantee limits	Letter	35	on	35	0.5	17.5	$47.60	$833.00
(b)(2)	Percentage of guarantee			occasion
4279.125(c)	Interest rate change	Letter	20	on	20	0.5	10.0	$47.60	$476.00
				occasion
4279.131 &	Credit quality analysis	Written	550	on	550	2.5	1,375.0	$47.60	$65,450.00
4279.161(b)(10)		documentation		occasion
4279.136(a)	Hazard insurance	Assignment	25	on	25	1.5	37.5	$47.60	$1,785.00
				occasion
4279.136(b-c)	Life and worker	Assignment	100	on	100	1.5	150.0	$47.60	$7,140.00
	compensation insurance			occasion
4279.136(d-e)	Flood and other	Assignment	25	on	25	1.5	37.5	$47.60	$1,785.00
	insurance			occasion
4279.137	Financial statements	Written	25	on	25	1.0	25.0	$47.60	$1,190.00
,4279.161(a)&(b)		report		occasion
4279.144 &	Appraisal reports	Written	50	on	50	8.0	400.0	$47.60	$19,040.00
4279.161(b)(13)		report		occasion
4279.150 &	Feasibility studies	Written	150	on	150	24.0	3,600.0	$47.60	$171,360.00
4279.161(b)(15)		report		occasion
4279.161(a)	Preapplication	Letter & written	100	on	100	2.0	200.0	$47.60	$9,520.00
	requirements	documentation		occasion
4279.161(b) & (c)	Application	Documents &	550	on	550	3.5	1,925.0	$47.60	$91,630.00
	requirements	other evidence		occasion
4279.167(b)	Planning and performing	Written	150	on	150	4.0	600.0	$47.60	$28,560.00
	development requirements	Reports		occasion
4279.173(b)	Change in conditions	Letter	100	on	100	1.0	100.0	$47.60	$4,760.00
	request			occasion
4279.173(c)	Central Contractor	Written	550	on	550	1.0	550.0	$47.60	$26,180.00
	Registration requirement	evidence		occasion
4279.174(a-b)	Transfer of lender	Letter &	20	on	20	2.0	40.0	$47.60	$1,904.00
		evidence		occasion
4279.180	Changes in borrower	Letter &	4	on	4	3.0	12.0	$47.60	$571.20
		evidence		occasion
4279.181(a-b)	Conditions precedent to	Written	550	on	550	2.0	1,100.0	$47.60	$52,360.00
	issuance of guarantee	evidence		occasion
4279.181(c)	Issuance of Loan Note	Document	550	on	550	1.0	550.0	$47.60	$26,180.00
	Guarantee			occasion
4279.187	Refusal to execute Loan	Letter/written	10	on	10	2.0	20.0	$47.60	$952.00
	Note Guarantee	evidence		occasion
4287.107(b)	Loan classification	written	800	1	800	0.5	400.0	$47.60	$19,040.00
4287.107(c)	Agency and lender	written	2,500	1	2,500	1.5	3,750.0	$47.60	$178,500.00
	conference
4287.107(d)	Financial Reports	written	3,000	1	3,000	2.0	6,000.0	$47.60	$285,600.00
	and analysis - annually
4287.107(h)	Borrower visits	visit	500	1	500	2.0	1,000.0	$47.60	$47,600.00
4287.112	Interest rate adjustment	written	50	1	50	0.5	25.0	$47.60	$1,190.00
4287.113	Release of collateral	written	100	1	100	2.0	200.0	$47.60	$9,520.00
4287.123	Subordination of lien	written	350	1	350	2.0	700.0	$47.60	$33,320.00
	position
4287.124	Alterations of Loan	written	5	1	5	1.5	7.5	$47.60	$357.00
	Instuments
4287.134	Transfer and	written	25	1	25	3.5	87.5	$47.60	$4,165.00
	assumption
4287.134(a)	Credit reports	written	40	1	40	0.5	20.0	$47.60	$952.00
4287.134(c)(g)	Appraisal reports	written	300	1	300	1.0	300.0	$47.60	$14,280.00
4287.135	Substitution of lender	written	20	1	20	1.0	20.0	$47.60	$952.00
4287.145(a)	Default by Borrower	visit	120	1	120	1.0	120.0	$47.60	$5,712.00
4287.145(b)	Curative Actions	written	350	1	350	1.5	525.0	$47.60	$24,990.00
4287.156	Protective advances	written	120	1	120	1.0	120.0	$47.60	$5,712.00
4287.157(d)	Liquidation plan	written	120	1	120	6.0	720.0	$47.60	$34,272.00
		document
4287.157(f)	Acceleration	written	120	1	120	0.5	60.0	$47.60	$2,856.00
4287.157(h)	Accounting and reports	written report	120	4	480	0.5	240.0	$47.60	$11,424.00
4287.180	Termination of	written	200	1	200	0.5	100.0	$47.60	$4,760.00
	guarantee
REPORTING REQUIREMENTS - FORMS
4279.132	Unconditional Guarantee	Form 4279-14		on
			650	occasion	650	0.5	325.0	$47.60	$15,470.00
4279.161(b)(1)	Application for Loan	Form 4279-1	500	on	450	4.0	1,800.0	$47.60	$85,680.00
	Guarantee (B&I)			occasion
4279.161(a)(3) &	Certification of Non-	Form 4279-2	20	on	20	2.0	40.0	$47.60	$1,904.00
4279.161(b)(2)	Relocation & Market			occasion
	Capacity Report
4279.173	Conditional	Form 4279-3	575	on	575	1.5	862.5	$47.60	$41,055.00
	Commitment			occasion
4279.181(a)	Lenders Agreement	Form 4279-4	350	on	350	2.0	700.0	$47.60	$33,320.00
				occasion
4279.181(c)	Assignment Guarantee	Form 4279-6	400		400	0.33	132.0	$47.60	$6,283.20
	Agreement
4287.133	Unconditional Guarantee	Form 4279-14	25	1	25	0.33	8.3	$47.60	$392.70
4287.134(a)
4287.145(a)	Guaranteed Loan	Form 1980-44	250	12	3,000	0.33	990.0	$47.60	$47,124.00
	Delinquent Status Borrower
4287.107(a)	Guaranteed Loan Status	Form 1980-41	3,000	2	6,000	0.33	1,980.0	$47.60	$94,248.00
	Report
4287.157(i)	Lender's Guaranteed Loan Payment to USDA	Form 1980-43
		(0575-0137)	100	12	1,200	0.50	600.0	$47.60	$28,560.00
4287.158(c)	Loan Note Guarantee	Form 449-30
	Report of Loss	(0575-0137)	100	1	100	25.00	2,500.0	$47.60	$119,000.00
4279.161(b)(3)	Request for	1940-20	250	1	250	6.0	1,500.0	$47.60	$71,400.00
	Environmental Review	(0575-0094)
4279.181(a)	Guaranteed Loan	1980-19	550	1	550	1.0	550.0	$47.60	$26,180.00
	Closing Report	(0570-0137)
SUBTOTAL DOCKET					26,776		37,958.75		$1,806,836.50
	B&I CARES Act Gurarnteed Loan Program		500	1	500	1	500	$47.60	$23,800.00
TOTAL DOCKET					27,276	9.092	38,459.00		$1,830,636.50

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Sheet 2: Federal Cost

COST TO THE FEDERAL GOVERNMENT
				No. of
Activity		Number		Hours		Rate		TOTAL
Exception authority		5		3.0		$27.00		$405
Appeals		10		16.0		$27.00		$4,320
Lender eligibility		50		4.0		$27.00		$5,400
determination, and
monitoring
Secondary Market		300		1.0		$27.00		$8,100
activities
Replacement of		2		2.0		$27.00		$108
documents
Review preapplication		100		4.0		$27.00		$10,800
material
Assigning of Loan Priority		550		0.5		$27.00		$7,425
Points
Review application &		550		20.0		$27.00		$297,000
lender analysis; site
visit, negotiations, &
env. assessment
Approve loan and		575		2.0		$27.00		$31,050
obligate funds
Review documents and		550		4.0		$27.00		$59,400
issue guarantee
Financial Statement		3,000		3.0		$27.00		$243,000
Review
Servicing Actions		1,560		4.0		$27.00		$168,480
Borrower/lender visits		3,500		3.0		$27.00		$283,500
ANNUALIZED TOTAL								$1,118,988
The reviews are typically completed by GS-11 & 12 State Loan Specialists and GS-13
State Program Directors. The loans are typically approved by the State Director.
The GS-8 or 9 State Loan Technician typically does the data entry in the computer system.