The SBA 7(a) and the SBA 504 Loan Programs are two of the primary programs for providing financial assistance to small businesses. These loans are available through Certified Development Companies (CDCs) and will likely require a Phase I Environmental Site Assessment (ESA). It is important to note that although a Phase I ESA might not be required in every situation; SBA requires a Phase I ESA for all properties developed with a current or historical environmentally sensitive industry, such as a dry cleaning facility or a gas station. 
 
While the SBA Phase I ESA follows the AAI/ASTM E1527 scope of work, additional information is required. A critical component is the inclusion of recommendations, and compliance if further assessment is warranted. ACC is strategic in developing additional scopes of work for our clients, and corresponding with regulatory agencies as needed to address environmental concerns identified in a Phase I ESA.
 
A SBA Reliance Letter is also required with each SBA Phase I ESAreport. This letter allows SBA to rely on the information and conclusions provided in the report. ACC is experienced in providing reliance letters using the correct format and specific language that ensures a party can rely on the report. 
 
In addition, SBA requires non-scope items such as mold, lead-based paint, and asbestos containing materials to be addressed. ACC has a skilled team of technicians, capable of handling matters that are outside of the Phase I ESA scope of work. ACC works with our clients to promptly manage these items to prevent slowdown of a project.