Issues with the newly revised environmental policy in the SBA's SOP

Wednesday, November 2, 2011 by Due Diligence Account Team

This article details the issue of UST facilities and the change in the SBA's SOP (effective 10/01/11) pertaining to how to address them during environmental due diligence for an SBA backed loan:

http://www.elabs7.com/functions/message_view.html?mid=1358993&mlid=10412&siteid=29083&uid=78a43f1442

The logic makes sense, but the increased liability for EP's is significant.

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