504loans@wiki - Environmentals

Environmentals

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Ensure that the CD is properly labeled.
Ensure the SBA Reliance Letter is not altered or modified.
Send in new documents for resubmissions – not all documents.
Attach the screen-out with the resubmission.
Address the past and current use of the property and the adjoining properties in an Environmental Questionnaire (EQ).
Ensure the EQ is signed by the owner or operator of the property
Ensure the CDC Checklist has comments and is signed by the CDC.
Provide the loan number or the control number on the CDC Checklist.
If a loan is approved after pre-application, include the control number so the documents can be associated with the pre-application file.
If a records search and risk assessment (RSRA) states anything other than a "low risk", a Phase 1 Assessment is the minimum requirement for submission.
Ensure all recommendations by the environmental professional are completed prior to submission to SLPC.
Ensure the addresses on the CDC Checklist and the environmental documents match the address on the loan authorization.
Ensure the correct NAICS code is included on the CDC Checklist.
Ensure the CDC Checklist is included for all environmental document submittals.
Ensure the SBA Reliance Letter has the same date as the Transaction Screen Analysis (TSA), Phase 1 Assessment or Phase 2 Assessment.

Ensure the SBA Reliance Letter and Certificate of Professional Liability Insurance accompanies the TSA, Phase 1 Assessment or Phase 2 Assessment.
The Phase 1 Assessment for a gas station must include a determination whether or not the gas station is in compliance with all state requirements, if any, pertaining to tank and equipment testing.

If the property is in an environmental sensitive industry as defined in Appendix 4 of SBA SOP 50 10 5, then a Phase 1 Assessment is required.
If the property is not in an environmental sensitive industry as defined in Appendix 4 of SBA SOP 50 10 5 and the loan is less than or equal to $150k, then an Environmental Questionnaire is the minimum requirement for submission.
If the property is not in an environmental sensitive industry as defined in Appendix 4 of SBA SOP 50 10 5 and the loan is greater than $150k, then an Environmental Questionnaire and a Records Search and Risk Assessment are the minimum requirements for submission.
If the owner/operator of the site is unable or unwilling to sign an environmental questionnaire, then a Transaction Screen Analysis is the minimum requirement for submission.