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Tag Archives: SBA

Energy | Energy Disclosure | Environmental Due Diligence | SBA Real Estate Finance

How LEED Can Help You Qualify For SBA 504 Funding

Posted on by tessehoekstra

The US Small Business Association (SBA) recently made some changes to its 504 Loan Program. The program, which offers loans with low down payments and low, fixed long-term interest rates, normally requires that borrowers have projects that will deliver certain public benefits such as job creation and a number of community development goals.  But, the…

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Environmental Due Diligence

Environmental Bankers Association San Francisco 2013 Recap

Posted on by Nicole TK Moore

This year’s bi-annual summer Environmental Bankers Association (EBA) meeting was held in San Francisco earlier this week. As expected, we covered many interesting topics of particular concern to the environmental professional and lending communities. Lawyer-Speak The kick off panel for the EBA San Francisco conference consisted of four lawyers covering trends in banking, business and…

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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 Loan Requirements

Posted on by Gary Reynolds

In accordance to SBA’s SOP 5010 5 (C), when obtaining a 504 or 7a Loan SBA requires an Environmental Investigation of all commercial Property upon which a security interest such as a mortgage, deed of trust, or leasehold deed of trust is offered as security for a loan or debenture. The type and depth of…

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Environmental Due Diligence

Phase I Environmental Site Assessment – SBA

Posted on by Gary Reynolds

You’ve been told you need to have a Phase I Environmental Site Assessment (ESA) and now may be looking for answers to the questions: Why you need one Where you get them How much they cost How long do they take Will it meet the Small Business Administration (SBA) environmental requirements . When ordering a Phase I…

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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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Commercial Real Estate Finance | Environmental Due Diligence

Environmental Due Diligence: Phase I ESAs and Other Options

Posted on by Kelly Javier

If you are buying a commercial property, you need to do environmental due diligence.  The gold standard for due diligence is the Phase I Environmental Site Assessment.   The Phase I ESA is basically a research project into the properties current and past use and how these uses could potentially affect the environment.   As a buyer,…

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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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