Guides

SBA SOP Changes – Effective January 1, 2018

SBA SOP Changes – Effective January 1, 2018

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...

Considering Lending on a Dry Cleaner?

Considering Lending on a Dry Cleaner?

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...

RSRAs and TSAs – The Similarities and Differences

RSRAs and TSAs – The Similarities and Differences

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...