Glossary · Doing the deal
In short
A cost associated with assessing potential environmental risks on a property, typically paid during due diligence for real estate.
If the acquisition includes real estate, especially if there's a history of industrial use, the lender will require an Environmental Site Assessment. The fee covers the cost of an environmental consultant to perform a Phase I or potentially Phase II assessment. This is a buyer closing cost you need to budget for.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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