SBA Probes Lender Trust Forms for Small Biz
Published Date: 2/19/2026
Notice
Summary
The Small Business Administration is asking for public feedback on a form that helps check if certain lenders are trustworthy and qualified. This affects Certified Development Companies, Non-Bank Lenders, and Microlenders who fill out the SBA Form 1081. Comments are open until March 23, 2026, and the goal is to keep paperwork fair without adding extra hassle or costs.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Lenders Must File SBA Form 1081
If you are a Certified Development Company, Non-Bank Lender Institution, Small Business Lending Company, or Microlender, you must provide a Statement of Personal History using SBA Form 1081 (OMB Control Number 3245-0080). The form is used to show ‘good character’ and to give data about key personnel; the agency estimates 146 respondents, 146 annual responses, and a total annual burden of 73 hours for this collection.
Chance to Request Lower Paperwork Burden
The SBA is asking for public comments on this information collection and specifically invites suggestions to improve the form and reduce burden; comments must be submitted on or before March 23, 2026. You can submit comments via www.reginfo.gov and address issues like accuracy of burden estimates, clarity of questions, and use of automated collection techniques.
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Key Dates
Department and Agencies
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