Commercial Real Estate Environmental Issues

Thursday, March 14, 2013 by Marketing Department

The Central Indiana Chapter of the RMA presents "Commercial Real Estate Environmental Issues" on Tuesday, March 19th, at the August Mack office in Indianapolis. The program is scheduled to run from 3:00 PM to 4:45 PM and is eligible for 2 CRC credits and costs only $20. Additional information on this course can be found using the following link:

http://community.rmahq.org/centralindiana/Home/?ssopc=1

This program is designed to provide finance professionals with a working knowledge of commercial...

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Risk Management Association Presentation Reminder

Thursday, March 7, 2013 by Marketing Department

Tuesday, March 19, the Central Indiana Chapter of the RMA will present "Commercial Real Estate Environmental Issues" at the August Mack office in Indianapolis. The program is scheduled to run from 3:00 PM to 4:45 PM and is eligible for 2 CRC credits and costs only $20. Additional information on this course can be found using the following link: 

http://community.rmahq.org/centralindiana/Home/?ssopc=1

This program is designed to provide financal professionals with a working knowledge of commercial...

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Optimism for Small Business Growth

Thursday, January 5, 2012 by Due Diligence Account Team

Optimism among small business owners = increased SBA lending:

http://www.cnbc.com/id/45827467/

August Mack has extensive experience in conducting environmental assessments in accordance with SBA Standard operating procedures. From a Records Search with Risk Assessment (RSRA), to a Phase I Environmental Site Assessment, and all the way through a Phase 2 Investigation, we can help ensure a smooth environmental process for your SBA backed loans.

A Flow Chart for the Steps of a SBA Environmental Investigation

Friday, November 4, 2011 by Cassie Anderson
So I realize that a lot of my blog posts lately have been swirling around the Small Business Administration (SBA), but it was a hot topic in October due the updated Standard Operatin Procedure (SOP) 50 10 5, Lender Development Company Loan Programs that went into effect on October 1, 2011. 

Confused myself (and I do this for a living), I ran across a great flow chart from Environmental Data Resources (EDR) that helps us all break down the minimum steps for environmental investigations of...Read More »

NEW SBA POLICY - Effective October 3, 2011

Thursday, October 13, 2011 by Cassie Anderson

New SBA Environmental Policy in Effect Today, Banks Vow to Increase Small Business Lending

Author: Dianne P. Crocker (dcrocker@edrnet.com)

 

The U.S. Small Business Administration issued a revision to the environmental due diligence requirements of the agency’s 7(a) and Certified Development Company (CDC) loan programs, effective as of Saturday, October 1, 2011. Many of the changes were in response to questions and comments from the SBA’s lending partners and the environmental professionals who...

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SBA Launches Temporary Program for Commercial Real Estate Refinancing

Tuesday, April 5, 2011 by Cassie Anderson

Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the U.S. Small Business Administration under a new, temporary program has announced The new refinancing loan is structured like SBA’s traditional 504, with borrowers committing at least 10 percent equity and working with third-party lending institutions and SBA-approved Certified Development Companies in the standard 50 percent/40...

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SBA Revises Environmental Guidelines, Effective Thursday, October 1, 2009

Monday, September 14, 2009 by Due Diligence Account Team

I received a notice from environmental data resources (EDR - www.edrnet.com) that on September 3, EDR received an early notification from the U.S. Small Business Administration of upcoming changes to its environmental policies and procedures under SOP 50 10 5(B), Lender and Development Company Loan Programs, effective October 1, 2009. The key changes made to the environmental policies for lenders and Certified Development Companies to participate in SBA lending programs include:

  • Clarification...
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