{"ok":true,"canonical_url":"https://dealroom.so/glossary/environmental-review","api_url":"https://dealroom.so/api/public/glossary/environmental-review","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-review","term":"Environmental review","group":"Reading the business","definition":"An assessment to identify potential environmental contamination or risks associated with the business property. This protects you from future liability and is often required by the SBA.","what_it_means":"For properties involved in an SBA 7(a) loan, an environmental review (often a Phase I Environmental Site Assessment) is typically required to identify Recognized Environmental Conditions (RECs). If RECs are found, a Phase II Environmental Site Assessment may be necessary. This protects both you and the lender from environmental liabilities.","url":"https://dealroom.so/glossary/environmental-review","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"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"environmental-consultant","term":"Environmental consultant","url":"https://dealroom.so/glossary/environmental-consultant"},{"slug":"environmental-questionnaire","term":"Environmental Questionnaire","url":"https://dealroom.so/glossary/environmental-questionnaire"},{"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"}],"related_questions":[{"question":"Is an environmental review needed if my SBA 7(a) loan includes real estate?","url":"https://dealroom.so/sba-loans/basics/is-an-environmental-review-needed-if-my-sba-7-a-loan-includes-real-estate"},{"question":"What specific environmental review is required for commercial real estate included in an SBA loan?","url":"https://dealroom.so/sba-7a/questions/what-specific-environmental-review-is-required-for-commercial-real-estate-included-in-an-s"},{"question":"What specific environmental review steps are triggered if the real estate has a dry cleaning operation?","url":"https://dealroom.so/sba-7a/questions/what-specific-environmental-review-steps-are-triggered-if-the-real-estate-has-a-dry-cleani"},{"question":"Are there specific environmental review requirements for real estate included in an SBA 7(a) acquisition?","url":"https://dealroom.so/sba-7a/questions/are-there-specific-environmental-review-requirements-for-real-estate-included-in-an-sba-7-"},{"question":"Does the SBA 7(a) loan program have specific requirements for environmental reviews?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-7-a-loan-program-have-specific-requirements-for-environmental-reviews"},{"question":"What is the typical timeframe for SBA loan application review by the lender?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-timeframe-for-sba-loan-application-review-by-the-lender"}]},"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 review","url":"https://dealroom.so/glossary/environmental-review","source_type":"DealRoom Data"}}