SBA Environmental RequirementsSBA lending requirements are onerous and their environmental requirements are no exceptions:
- SOP 50 10 5(B) – Chapter 3: Collateral, Appraisal, Environmental Policies;
- 8 onerous pages concerning “Environmental Policies and Procedures;”
- 5 Appendices relating to environmental practices;
- 9 acceptable mitigants to environmental – including environmental insurance.
- 3 individuals to review ALL reports from across the U.S.
The Greene Group, Inc. can assist with a lender/borrower's review of environmental due diligence to ascertain if it meets SBA standards saving the client time (which is money).
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