Assessments

Rapid, Affordable … Environmental Screen

Rapid, Affordable … Environmental Screen

In 2017, to meet the needs of ERI’s clients for a rapid, cost-effective environmental review for smaller commercial loans, ERI developed the Environmental Screen.  Six years later, due to demand by several clients for an enhanced version of our original...

COVID-19 and Phase I Limitations

COVID-19 and Phase I Limitations

COVID-19 has affected our world in so many ways, including how environmental assessments are completed. The Phase I Environmental Site Assessment (ESA) process, as described in the American Society for Testing and Materials (ASTM) E 1527 Standard Practice for Phase I...

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...

SBA Gas Station Loans

SBA Gas Station Loans

In order to identify and mitigate the environmental risks associated with gas station loans, the U.S. Small Business Administration (SBA) has developed guidelines that loan applicants must follow during the application process. The SBA requires that the Environmental...