SBA's Updated SOP 50 10 5(B)sba_page_jpg.jpg

The latest updated version
of the U.S. Small Business Administration's Standard Operating Procedure (SOP) 50 10 5, Lender and Development Company Loan Programs, will be effective on October 1, 2009. This version of the SOP, to be known as SOP 50 10 10 5(B), will apply to all applications received by the SBA on or after October 1, 2009. The new version includes several revisions to the SBA's environmental policies and procedures.


SBA SOP 50 10 5(B) 

Download the newly revised SOP 50 10 5(B) standard including the updated environmental policies and procedures and related appendices.


SOP 50 10 5(B) with Changes Tracked

The SBA recently uploaded a PDF version of the SOP that becomes effective on October 1, 2009, tracking changes from the previous version.


Flow Chart: The Steps of an SBA Environmental Investigation

This chart represents the minimum steps of environmental investigations of commercial properties required by the SBA's SOP 50 10 5(B), effective October 1, 2009.


NAICS Code Reference

List of environmentally sensitive industries for use in completing the NAICS code matching step set forth by SOP 50 10 5(A) (determine your NAICS Code here).


EDR's Compliance Solution

EDR's pdf LoanCheck® Plus report meets or exceeds each of the SBA requirements for the Records Search with Risk Assessment stage of an environmental investigation.

 

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