Earlier this year, the US Small Business Administration (SBA) released the updated Standard Operating Procedure 50 10 7, effective August 1, 2023. Subsequently, a further refinement, referred to as SOP 50 10 7.1, was issued, becoming effective on November 15, 2023. As...
While we at Environmental Risk Innovations (ERI) are in the environmental consulting business, we are also in the customer service business, which is why we strive to make it easy for people to communicate with us. Whether you have an environmental report you want...
On December 15, 2022, the United States Environmental Protection Agency (US EPA) issued the final rule that amended the All Appropriate Inquiries (AAI) Rule to reference ASTM E1527-21 Standard Practice for Environmental Site Assessments: Phase I Environmental Site...
The U.S. Small Business Administration (SBA) has released a new Standard Operating Procedure (SOP) for 7(a) and 504 Loan Programs that will become effective August 1, 2023. The new SOP, referenced as SOP 50 10 7 for Lender and Development Company Loan Programs, will...
ERI has revised its SBA Flowchart to reflect the current SBA SOP (SOP 50 10 6, Oct. 1, 2020). If you would like to replace your existing ERI SBA flowchart with an updated version, we will be glad to send you the one below. In addition to providing the level of...
It has been “business as usual” at ERI throughout the COVID-19 pandemic. Although ERI’s motto has always been “collaboration under one roof,” we began developing the IT and communications infrastructure to enable our staff to effectively serve our clients remotely...
Two Decades of Innovation, Collaboration, and Excellence in Tailored Environmental Risk Management Solutions In commemorating two decades of groundbreaking Environmental Risk Innovation (ERI), we proudly stand as trailblazers in environmental risk management, shaping...
Effective January 1, 2018, the Small Business Administration (SBA) updated the Standard Operating Procedures SOP 50 10 5 (J) for Lender and Development Loan Programs. In addition to changes incorporated in ERI’s Records Search with Risk Assessment (RSRA) and desktop...
UST Regulatory History In 1984, Congress directed the United States Environmental Protection Agency (EPA) to develop regulations for Underground Storage Tanks (UST) containing petroleum. The EPA issued federal regulations, effective December 1988, that delegated UST...
Perchloroethylene (PCE), a chlorinated solvent, has been used in the dry-cleaning industry since the 1930s. A small amount of this “likely human carcinogen” released to the subsurface can impact soil and groundwater, and migration of vapors associated with a release...
Depending on the potential risk profile of a commercial property, Environmental Risk Managers realize that a Phase I Environmental Assessment (ESA) may not be necessary for all commercial properties targeted for commercial loans. In these cases, environmental...
The use of chemical agents for cleaning clothes dates back to the 1690s, when turpentine was used to remove oil and grease spots from clothing. In the 1800s, mechanical cleaning machines were introduced that used turpentine, camphor oil, kerosene naphtha or...