Completion of an Environmental Questionnaire is the lender’s first step in investigating or surveying environmental conditions for SBA guaranteed loans. Additionally, Boxwood's on-site environmental inspection serves as a fundamental and preliminary due diligence tool for most small-balance commercial loans.
The Boxwood team takes great pride in our property valuation and risk assessment services for lenders of Main Street businesses. When it comes to environmental due diligence, Boxwood’s survey offers small-balance lenders a current, on-the-ground, and hands-on inspection that identifies any present or previous environmentally risky operations at the facility/site that may have contaminated the property.
Boxwood’s inspection or Environmental Questionnaire is also a suitable complement to, and often gets bundled with an environmental professional’s desktop governmental records search of the subject and nearby properties.
Did you know about a short cut permitted for SBA’s environmental due diligence on 7(a) and 504 loan programs?
When the results of the Environmental Questionnaire on low-risk properties indicate that environmental contamination is unlikely at the site and no further investigation is warranted, SBA’s policy (Information Notice: SOP 50-10-06, dated 10/01/2020) allows lenders to submit the Environmental Questionnaire by itself and forgo more comprehensive environmental due diligence.
This is how it works.
Boxwood’s environmental inspection is the most practical way to preliminarily screen your low-risk properties for SBA guaranteed and other small-balance commercial loans.
Compelling reasons for small-balance lenders to procure Boxwood’s Environmental inspection include:
Count on Boxwood to meet your environmental inspection requirements in a prompt, cost-effective and compliant fashion. Contact us today about your specific needs or request a sample report.