{"ok":true,"canonical_url":"https://dealroom.so/glossary/environmental-review-costs","api_url":"https://dealroom.so/api/public/glossary/environmental-review-costs","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-costs","term":"Environmental review costs","group":"Doing the deal","definition":"These are expenses for assessing potential environmental hazards on a property, often required by lenders for real estate-backed deals. You pay these to ensure the property is clean and to protect yourself from future liability.","what_it_means":"If the business owns real estate or operates in a sensitive industry, your lender will likely require an Environmental Questionnaire or a Phase I Environmental Site Assessment. These costs are part of your Total Project Costs and can often be financed by the SBA loan. Budget for these early.","url":"https://dealroom.so/glossary/environmental-review-costs","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-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":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"}],"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":"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"}]},"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 costs","url":"https://dealroom.so/glossary/environmental-review-costs","source_type":"DealRoom Data"}}