Glossary · Doing the deal
In short
The process of evaluating a property or business for potential environmental risks and liabilities. Buyers must conduct this to identify contamination, regulatory non-compliance, and associated costs before closing.
This typically starts with an Environmental Questionnaire, potentially leading to a Phase I Environmental Site Assessment or even a Phase II. The SBA mandates specific environmental reviews based on the property type and business NAICS code. Do not skip this step; it protects you from inheriting major problems.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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