{"ok":true,"canonical_url":"https://dealroom.so/glossary/all-appropriate-inquiries","api_url":"https://dealroom.so/api/public/glossary/all-appropriate-inquiries","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"all-appropriate-inquiries","term":"All appropriate inquiries","group":"Reading the business","definition":"This refers to the due diligence standard required for environmental site assessments to qualify for certain liability protections under federal law. You care because it helps you avoid inheriting costly environmental problems with the business's real estate.","what_it_means":"This typically means commissioning a Phase I Environmental Site Assessment (ESA) on any real estate involved in the deal. The ESA identifies potential environmental contamination or concerns, protecting you from future liability as the new owner.","url":"https://dealroom.so/glossary/all-appropriate-inquiries","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"phase-i-environmental-site-assessment","term":"Phase I Environmental Site Assessment","url":"https://dealroom.so/glossary/phase-i-environmental-site-assessment"},{"slug":"environmental-consultant","term":"Environmental consultant","url":"https://dealroom.so/glossary/environmental-consultant"},{"slug":"recognized-environmental-condition","term":"Recognized Environmental Condition","url":"https://dealroom.so/glossary/recognized-environmental-condition"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"}],"related_questions":[{"question":"How are appropriate business life insurance coverage amounts calculated?","url":"https://dealroom.so/sba-7a/questions/how-are-appropriate-business-life-insurance-coverage-amounts-calculated"},{"question":"Does having many recent credit inquiries on my personal report affect SBA 7(a) loan approval chances?","url":"https://dealroom.so/sba-7a/questions/does-having-many-recent-credit-inquiries-on-my-personal-report-affect-sba-7-a-loan-approva"},{"question":"Does having many recent credit inquiries on my personal credit report affect SBA 7(a) loan approval chances?","url":"https://dealroom.so/sba-7a/questions/does-having-many-recent-credit-inquiries-on-my-personal-credit-report-affect-sba-7-a-loan-"},{"question":"How does a lender determine the appropriate amount of working capital to include in an SBA 7(a) acquisition loan?","url":"https://dealroom.so/sba-7a/questions/how-does-a-lender-determine-the-appropriate-amount-of-working-capital-to-include-in-an-sba"},{"question":"Are all individuals with 19% ownership or less exempt from personal guaranties?","url":"https://dealroom.so/sba-7a/questions/are-all-individuals-with-19-ownership-or-less-exempt-from-personal-guaranties"},{"question":"Is a blanket lien on all business assets a standard SBA requirement?","url":"https://dealroom.so/sba-7a/questions/is-a-blanket-lien-on-all-business-assets-a-standard-sba-requirement"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — All appropriate inquiries","url":"https://dealroom.so/glossary/all-appropriate-inquiries","source_type":"DealRoom Data"}}