SBA Asks Small Businesses to Comment on More Paperwork
Published Date: 6/16/2025
Notice
Summary
The Small Business Administration (SBA) wants your thoughts on collecting info from small businesses they help through counseling and training. This info helps SBA see how well their programs work and supports budget plans. If you have ideas or concerns, send them by August 15, 2025—this could affect how SBA gathers data but won’t cost you a dime.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
SBA Resource Partners must collect and submit data
Recipients of SBA counseling and training grant awards (SBA's Resource Partners) are required by their Notice of Award and Program Announcements to collect information on SBA Form 641 for one-on-one counseling and Form 888 for each group training session, and to submit that information to SBA via the Nexus system. SBA estimates the collection will generate 1,633,000 annual responses and a total annual hour burden of 484,666 hours for respondents.
Small businesses must provide SBA forms after counseling
If you are a small business or prospective small business that receives one-on-one counseling or advising from an SBA-supported program, you must provide information on SBA Form 641. SBA estimates a total of 1,633,000 annual responses across Form 641 and Form 888 and a total annual burden of 484,666 hours. The information is submitted to SBA via the Nexus system and is used to evaluate SBA programs and support budget and performance submissions.
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