Glossary · Doing the deal
In short
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.
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.
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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