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Tag Archives: Records Search with Risk Assessment

Environmental Due Diligence

Understanding SBA SOP 5010 5 (C)

Posted on by Gary Reynolds

Since the latest revision to SBA’s SOP 5010 5 (C), that came out in October 2010, I have been asked some reoccurring questions in regards to the Environmental Requirements on 504 and 7a loans. One of those reoccurring questions is when there is a NAICS Codes match does it mean that I will have to have…

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Environmental Due Diligence | SBA Real Estate Finance

Summary of the SBA’s SOP Environmental Policy Revisions in SBA SOP 50 10 5 (C)

Posted on by Gary Reynolds

The SBA published their latest update their environmental policy in SOP 50 10 5 (C).    The SOP revisions take effect on October 1st, 2010 we should all bone up on a few of the new elements of SOP 5010 5 (C) (pages 199 – 206 & 310 – 317). One now technical, but important point,…

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SBA Real Estate Finance

SBA Reports

Posted on by Gary Reynolds

Entry by: Gary Reynolds So what report do you need for your 504 or 7a loan?  This depends on the current and past businesses that occupied your property.  SBA has created a NAICS codes list of “Environmentally Sensitive Industries”.  The type and depth of an environmental investigation to be performed varies with the risks of…

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