SBA's Updated SOP 50-10 
SBA's revised standard operating procedure (SOP 50-10) for its 7(a) and certified development company loan programs was published on March 17, 2008. The revised document took effect on August 1. The SOP 50-10 (5) includes significant changes to the SBA's environmental due diligence requirements.
EDR has created resources to help you fully understand and implement the SBA's new environmental policies and procedures. The key changes to the SBA SOP include:
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A more streamlined process
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More rigorous and clear-cut steps
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New environmental investigation requirements
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Adoption of the EPA's AAI rule (and the ASTM E 1527-05 standard) for all Phase I environmental site assessments
Get the newly revised SOP 50-10 standard including the updated environmental policies and procedures (see page 182 for 7(a) loan programs, page 282 for CDC loan programs), and related appendices.
Technical Changes
On June 6, 2008 the SBA posted the new, technically revised SOP 50-10 (5) along with a summary explanation of the changes and updates. To review the technical updates, please click here .
Environmental FAQ
On August 8, 2008 the SBA provided a FAQ on the SOP 50-10(5) environmental requirements. To review the FAQ, please click here.
SBA's revised standard operating procedure (SOP 50-10 (5)) for its 7(a) and certified development company loan programs took effect on August 1, 2008. Besides streamlining the SOP and publishing it as an electronic document, the SBA has made significant revisions to the environmental investigation steps that it requires. The impact of these changes is analyzed during this complimentary EDR Webinar for SBA lenders and CDCs.
To listen to the recording click here.
Flow Chart
 A guide to SBA's updated environmental policies and procedures
White Paper
Small Business Administration’s Modernized SOP Includes Environmental Policy Changes
SBA Update Whitepaper
EDR's Compliance Solution
EDR's LoanCheck® Plus report meets or exceeds each of the SBA requirements for the Records Search with Risk Assessment stage of an environmental investigation.
EDR's easy solution for meeting the SBA's new environmental guidelines
NAICS Code Reference
Click here to determine your NAICS Code
Press Releases
Environmental Data Resources Helps Lenders and Businesses Meet New SBA Requirements for Investigating Loan Properties for Contamination Risk
July 30, 2008 — On August 1, 2008 the U.S. Small Business Administration (SBA) will put into effect its revised and streamlined standard operating procedure (SOP 50-10) for its lender and development company loan programs. The new guidelines include significant changes to environmental due diligence requirements that call on lenders and development companies to investigate properties for contamination risk.
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SBA Postpones SOP 50-10 (5) Effective Date
April 23, 2008 — For the past month the SBA has been meeting with lenders and CDCs in eight different locations across the country to discuss clarifications and changes to the SOP and to give Lenders and CDCs an opportunity to raise concerns. While there were many questions and comments, overall the SOP was favorably received, especially its new, concise format and its search capabilities. As a result of those meetings, SBA has identified certain technical changes to the SOP that should be made prior to the SOP becoming effective.
SBA Postpones SOP 50-10(5) Effective Date
The SBA Releases the New Modernized Lender SOP
March 19, 2008 — As part of its reform agenda to become easier for lenders to work with, the U.S. Small Business Administration today released its modernized Standard Operating Procedure for lender and development company loan programs.
SBA Releases Modernized Lender SOP
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Banks & Lending 