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You are here: Home » Resources » Articles » SBA Crash Course: The SBA SOP and Why You Should Care

August 3, 2012

SBA Crash Course: The SBA SOP and Why You Should Care

By Partner ESI

THE SBA’S SOP FOR ENVIRONMENTAL DUE DILIGENCE HAS BEEN ADOPTED BY MANY LENDERS…

…as a formal environmental policy and is a useful program to screen for environmental liability. The Small Business Administration’s SOP for 7a & 504 loans (currently SOP 50 10 5 (E)) has become a very popular policy for environmental due diligence that many banks have adopted as their own bank policy. Instead of trying to reinvent the wheel, or (for SBA lenders) having two policies in place – one for the bank and one for 7a & 504 loans – they have simply instituted the SBA Environmental Policy for all loans. Bank regulators have stated that they are looking to see that lending institutions have a policy in place and that all loans adhere to that policy, and the SBA Environmental Policy is a great guideline that may be useful to any lender looking to create a formal environmental policy.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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