Phase 1 Environmental for SBA Loans

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 25, 2010 -- Phase 1 Environmental Site Assessment reports are required for SBA loans in which real estate is involved in the transaction, as of 2008 SBA's Standard Operating Procedures (SOP 50-10(5)) for 7A. Certain types of industries and types of properties require a Phase 1 Environmental and Phase 2 Environmental Studies, including dry cleaners, gas stations and certain manufacturing and industrial properties.

A Phase 1 Environmental report should be conducted by an Environmental Professional as defined by 40 CFR Part 312. Not only will hiring the appropriate professional with extensive background in Phase 1 Environmental work assure that your report is accepted by the Small Business Administration, but it will also help to identify any potential environmental liabilities at a property, which is the purpose of conducting these due diligence reports.

A company with extensive experience in Phase 1 Environmental Studies will help prevent future liabilities and will help with getting your SBA loan approved.

More information can be found online at http://www.aaienvcorp.com/phase1environmental.html

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