A "Records Search With Risk Assessment", or RSRA, is a unique type of "environmental investigation" required by the U.S. Small Business Administration (SBA) for certain types of SBA loans. Although it includes some elements of a SBA-compliant Phase 1 Environmental Site Assessment, it is significantly less onerous. However, like a Phase 1 ESA, the RSRA report must be signed by a "environmental professional" who meets that same qualification requirements as required for a Phase I ESA.
The SBA has recently released the new version of the agency's environmental policies and procedures. The new policy, SOP 50 10 5(C), replaces its predecessor SOP 50 10 5(B), and will apply to all applications for 7(a) or CDC loans received by the SBA on or after October 1, 2010. The new revision includes several modifications to SBA's due diligence requirements.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting SBA environmental investigation requirements, including RSRA. Caltha prepares RSRA reports for the same low cost for any site in any State.
To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website
