{"ok":true,"canonical_url":"https://dealroom.so/glossary/environmental-remediation-plan","api_url":"https://dealroom.so/api/public/glossary/environmental-remediation-plan","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":"environmental-remediation-plan","term":"environmental remediation plan","group":"Doing the deal","definition":"A detailed strategy to clean up environmental contamination at a property, often required if a Phase I or Phase II Environmental Site Assessment identifies significant issues. This protects both the buyer and the lender from future liability.","what_it_means":"If your target business's real estate has environmental concerns, a remediation plan, often developed by an environmental consultant, becomes part of your loan approval conditions. Ensure the plan is clear, costed, and accounted for in your total project costs, as the SBA won't guarantee loans for businesses with unresolved environmental hazards.","url":"https://dealroom.so/glossary/environmental-remediation-plan","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":"environmental-consultant","term":"Environmental consultant","url":"https://dealroom.so/glossary/environmental-consultant"},{"slug":"phase-i-environmental-site-assessment","term":"Phase I Environmental Site Assessment","url":"https://dealroom.so/glossary/phase-i-environmental-site-assessment"},{"slug":"phase-ii-environmental-site-assessment","term":"Phase II Environmental Site Assessment","url":"https://dealroom.so/glossary/phase-ii-environmental-site-assessment"},{"slug":"recognized-environmental-condition","term":"Recognized Environmental Condition","url":"https://dealroom.so/glossary/recognized-environmental-condition"}],"related_questions":[{"question":"What if the acquired business's real estate has an environmental concern requiring remediation?","url":"https://dealroom.so/sba-7a/questions/what-if-the-acquired-business-s-real-estate-has-an-environmental-concern-requiring-remedia"},{"question":"If the commercial property being acquired requires significant environmental remediation, can the 7(a) loan cover these costs?","url":"https://dealroom.so/sba-7a/questions/if-the-commercial-property-being-acquired-requires-significant-environmental-remediation-c"},{"question":"If a Phase II Environmental Site Assessment identifies remediation costs, how does a lender treat these for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/if-a-phase-ii-environmental-site-assessment-identifies-remediation-costs-how-does-a-lender"},{"question":"If a Phase I ESA recommends a Phase II, what are the lender's options if remediation costs are unknown or prohibitive?","url":"https://dealroom.so/for-lenders/questions/if-a-phase-i-esa-recommends-a-phase-ii-what-are-the-lender-s-options-if-remediation-costs-"},{"question":"Is a comprehensive business plan mandatory for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-a-comprehensive-business-plan-mandatory-for-an-sba-7-a-loan"},{"question":"When a Phase I Environmental Site Assessment (ESA) identifies a Recognized Environmental Condition (REC), what are the lender's subsequent responsibilities?","url":"https://dealroom.so/for-lenders/questions/when-a-phase-i-environmental-site-assessment-esa-identifies-a-recognized-environmental-con"}]},"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 — environmental remediation plan","url":"https://dealroom.so/glossary/environmental-remediation-plan","source_type":"DealRoom Data"}}