SBA accepts Records Search with Risk Assessment (RSRA) in lieu of a Phase I Environmental Site Assessment (ESAs) for low risk properties. The RSRA product is an inexpensive due diligence product that allows the lender to evaluate the environmental risk quickly.
Partner Engineering and Science is one of the leading providers of RSRAs nationally. Partner offers several advantages over our leading competition including:
- Quick and inexpensive
- Direct advice from experienced environmental professionals
- Superior Insurance—$10,000,000 in errors and omissions insurance
- Ability to credit 100% of the fee towards a Phase I Environmental Site Assessments if necessary
Partner offers all of the products specified in the SBA's Environmental Guidelines as outlined in 50 10 6. For a summary of the SBA's underwriting process Partner provides clients with an SBA decision tree.
The following consulting products are needed by SBA Lenders to meet the needs of the SBA SOP 50 10 6:
- Records Search with Risk Assessment
- Phase I Environmental Site Assessment
- Phase II Environmental Testing
Partner covers the whole country with our 40 + regional offices. Please contact our SBA Specialist for assistance with your SBA Due Diligence.
