Glossary · Reading the business
In short
A more in-depth environmental study that involves collecting samples (soil, water, air) to confirm the presence and extent of contamination identified in a Phase I ESA.
If a Phase I ESA reveals Recognized Environmental Conditions, a Phase II ESA is often required. This involves intrusive testing to quantify the contamination. The findings will determine if remediation is needed, which can significantly impact deal costs and timelines. Understand the implications before proceeding, as cleanup can be expensive.
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.
Pressure-test the numbers before you make an offer
Send us the asking price and the seller's cash flow — we'll show whether the deal services SBA debt and where the add-backs are likely to hold up.
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