Written by Darci Thomas Cummings, L.P.G., Project Manager, EnviroForensics.
As seen in the November 2011 issue of Cleaner & Launderer.
If you are currently considering purchasing a commercial property, expanding your existing business, or are in the market to sell your current business or commercial property, you have likely considered the lending opportunities available in today’s challenging economy. Borrowing options became limited as small business and business banking lending came to a near grinding halt in 2008. In September of this year, 13 major U.S. banks pledged to increase government-backed Small Business Administration (SBA) small business lending by $20 billion over the next three years in an attempt to stimulate the economy. In addition, local banks, regional banks, and even credit unions have begun taking advantage of SBA loan programs as a means of extending lending options to small business owners. If you choose to secure financing through an SBA loan program, you may face challenging environmental due diligence and environmental investigation requirements for your business venture. Continue reading “Navigating the Environmental Due Diligence and Investigation Process in SBA Lending”