Significant New SBA Environmental Due Diligence Requirements

1
Significant New SBA Environmental Due Diligence
Requirements

• SBA SOP 50-10 Effective March 1, 2009
• 2 primary levels of Environmental Due Diligence
  Required
• All Appropriate Inquiry AAI Phase 1 for high
  risk properties
• Records Search With Risk Analysis for low
  risk properties
• Includes a search of the government databases
  same as for AAI
• A search of historical use records i.e., Sanborn
  Fire Maps, city directories
• A risk analysis by an Environmental
  Professional determining whether the site is
  
  
  High Elevated or Low risk with
  professional recommendations
• Based on NAICS codes of environmentally
  sensitive Industries
• New Gas Station / Dry Cleaner Requirements
• Based on a current survey, 56 of lenders are
  adopting these policies for non-SBA loans
• Benchmark Offers Risk Cheque Enhanced To Comply
  With SBA Risk Analysis
• For more information contact Benchmark
  Environmental Services, Inc. Email
  Benchmarkenviro_at_sbcglobal.net
• Call 800-400-5811