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  • Environmental Questionnaire - Sba Loans Today

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SBA Environmental Questionnaire. Page 1 of 5. SBA Loan. Number: Environmental Questionnaire. Applicant Name: Date of Site Visit: Name/Title of Person .

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How to fill out the Environmental Questionnaire - SBA Loans Today online

This guide provides clear, step-by-step instructions on completing the Environmental Questionnaire for SBA Loans Today online. It aims to assist users in effectively navigating through each section of the form with confidence.

Follow the steps to complete the Environmental Questionnaire.

  1. Press the ‘Get Form’ button to access the Environmental Questionnaire and open it in your preferred online editor.
  2. Begin by filling in the applicant information. Include the applicant name, date of site visit, and the name and title of the person conducting the site visit.
  3. Next, provide the site details, including the site name or business name, complete street address, city, state, postal code, and county.
  4. Enter the site contact information, which includes the contact name, business title, and telephone number. Indicate if the site contact is the owner or occupant, and if not, specify their relationship to the site.
  5. Indicate the length of time associated with the site and disclose known past or present uses of the property.
  6. For adjoining properties, identify the past and present uses. List the name and address of each business and current activity, repeating this for all directional properties (North, Northeast, East, Southeast, South, Southwest, West, Northwest).
  7. Address questions regarding the presence of toxic chemicals or petroleum products. Confirm for each adjoining property whether any were evident.
  8. Respond to the questionnaire's questions about hazardous substances, contamination, and related regulatory actions. Provide detailed explanations for any 'Yes' answers.
  9. After answering all questions, review your responses to ensure accuracy and completeness. If applicable, attach any relevant documents or studies.
  10. Finally, save your edits, and choose to download, print, or share the completed form as needed.

Complete the Environmental Questionnaire - SBA Loans Today online for a streamlined application process.

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An environmental questionnaire is a preliminary task in the environmental due diligence process by lenders and other information-seekers. The questionnaire screens the environmental hazards of a property undergoing any transaction.

Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) and ask for Tier 2. These reps can answer questions the application process and your loan status. If you applied through the COVID-19 portal, the SBA will contact you, but you may be able to get answers by calling the toll-free number.

The SBA promises a turnaround time of 36 hours for their express loans. But, that doesn't include the time it takes for the lender to approve the loan, which could tack on another few weeks. So, instead of 60-90 days, you're looking at 30-60 days for the SBA loan processing time when all is said and done.

Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) and ask for Tier 2. These reps can answer questions the application process and your loan status. If you applied through the COVID-19 portal, the SBA will contact you, but you may be able to get answers by calling the toll-free number.

The SBA has advised that the time to receive a credit decision (approval or no approval) is two to three weeks. If approved, disbursements have typically occurred within five days.

On average, the loans take around 30-45 days from application to funding. Approval time can, however, take anywhere from one to six months. Because the 504 lending program is a dual-approval loan involving both a Certified Development Company (CDC) and the SBA, there are more variables to consider.

The SBA promises a turnaround time of 36 hours for their express loans. But, that doesn't include the time it takes for the lender to approve the loan, which could tack on another few weeks. So, instead of 60-90 days, you're looking at 30-60 days for the SBA loan processing time when all is said and done.

Advance funds will be made available within three days of a successful application. This loan advance will not have to be repaid. Additional Filing Requirements (SBA Form 1368) providing monthly sales figures. If more funds are needed, applicants can submit supporting documents and a request for an increase.

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