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SBA's Environmental Questionnaire
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Are you using the correct SBA Environmental Questionnaire (EQ)? Although the new SBA SOP 50 10 6 did not alter the required minimum areas of inquiry to be addressed, there was one very big change: a new requirement, without which your EQ will not be accepted. The new SOP requires that the signed EQ contain a "False Statements Certification." The specific language to be included states that intentionally falsifying or concealing material in the EQ can result in penalties under applicable law (which is up to 5 years in federal prison). If you haven't already downloaded our SBA EQ, click here. |
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SBA's SOP for 7a and 504 loans is a popular policy for environmental due diligence and a great guideline for any lender looking to create a formal environmental policy. Our updated blog series discusses the ins and outs of the SBA Environmental Policy, including: |
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A Review of the SOP 50 10 6 Environmental Policy Updates |
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This article offers a quick overview along with a helpful table showing a side-by-side comparison of the changes within the Environmental Policy Section from SOP 50 10 5(K) to SOP 50 10 6.
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SBA SOP 50 10 6 Resources
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More Than Just Assessments. Solutions.
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