Small business owners buying or refinancing property with an SBA loan
Free prep for the SBA environmental questionnaire: the 11 topics it asks, who must sign, and when your loan needs a records search or Phase I.
ePlan fills in
How it works
What you get
The check is free. The paperwork after it is drafted at the Phase 1 ESA cost calculator door.
Modeled on: SBA SOP 50 10 8.1, Environmental Questionnaire required areas of inquiry
From public data
is the SBA loan size above which the environmental review must add a records search with risk assessment to the questionnaire
Source: SBA SOP 50 10 8.1
Estimate a Phase I environmental site assessment's cost and timing, then fill in the ASTM E1527-21 user questionnaire your consultant needs. Free to read.
Questions
Past and present uses of the property and its neighbors, hazardous substances and related permits, evidence or sources of contamination, lawsuits and regulatory actions, earlier environmental studies, and lead paint, asbestos or PCBs. Lenders may use ASTM's Transaction Screen Questionnaire A instead.
The current owner or operator signs. The lender must have visited the property and tried to interview the owner or operator, and the questionnaire must be dated within one year of the SBA loan number.
Right away when a current or past use matches SBA's environmentally sensitive industry list, including gas stations (NAICS 457). Otherwise a Phase I follows if a records search rates the property above low risk or a transaction screen calls for more work.
Related doors
Which property are you buying or financing?
Where would the road or line go?
Where is the Rural Development project?
Where will the solar array go?
What will you sample, and where?
What are you proposing, and where?
Answer it and ePlan opens the Phase 1 ESA cost calculator door with your answer filled in.