{"ok":true,"canonical_url":"https://dealroom.so/glossary/remediation-plan","api_url":"https://dealroom.so/api/public/glossary/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":"remediation-plan","term":"Remediation plan","group":"Doing the deal","definition":"A formal strategy to fix a problem, often environmental or operational, identified during due diligence. It outlines steps, timelines, and responsibilities to bring something into compliance or an acceptable condition.","what_it_means":"If your environmental assessment (Phase I/II) uncovers an issue like contamination, a remediation plan will be required to address it. The lender and SBA will want to see a clear, costed plan. Often, the seller must fund or execute the cleanup before closing, or an escrow may be used for the buyer to manage it.","url":"https://dealroom.so/glossary/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"},{"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":"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":"environmental-consultant","term":"Environmental consultant","url":"https://dealroom.so/glossary/environmental-consultant"},{"slug":"escrow-holdback","term":"Escrow / holdback","url":"https://dealroom.so/glossary/escrow-holdback"}],"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":"Is a detailed business plan necessary for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-loans/basics/is-a-detailed-business-plan-necessary-for-an-sba-7-a-loan-application"}]},"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 — Remediation plan","url":"https://dealroom.so/glossary/remediation-plan","source_type":"DealRoom Data"}}