SBA 7(a) and 504 · loans over $250,000
Order an SBA RSRA
For SBA loans over $250,000, or smaller loans where the questionnaire calls for more, when no current or past use is on SBA's sensitive-industry list. Three business days, or 24 to 48 hours with rush.
From the screener: an RSRA fits this loan.
Lender or CDC $550 · Borrower, broker or other $650 · Rush +$250
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Questions
Call (831) 818-6295 or email [email protected].
Do you visit the property?
No. An RSRA is a records review. The lender completes or reviews the Environmental Questionnaire after its own site visit, and the current owner or operator signs it.
Does one RSRA cover several parcels?
One RSRA covers one property: one site where all the parcels touch. Up to three touching parcels with the same use are priced as one. Parcels that do not touch, and other collateral at another location, each need their own RSRA. On sites with several parcels, we confirm scope before any charge.
What if the result is Elevated Risk?
SBA requires the lender to obtain a Phase I ESA. A Transaction Screen does not meet this. Within 75 miles of Santa Cruz, we do it and credit your RSRA fee toward it.
What if the result is Low Risk?
If the questionnaire also shows no further investigation is warranted, the lender keeps the RSRA and the questionnaire in the loan file. Non-delegated lenders also certify in the SBA Loan System.
Who can rely on the report?
The lender, the CDC and the third-party lender for 504 loans, and SBA, all named in the report's reliance paragraph. SBA does not require a reliance letter for an RSRA (SOP 50 10 8.1, Appendix 4).
How long is the report good for?
SBA requires the RSRA and the questionnaire to be dated within one year of the date the SBA loan number is issued.
Which states do you cover?
All 50.
Can I talk to the Environmental Professional?
Yes. You reach Cary directly. Calls are returned the same business day, or you can book a time.
How do I pay?
Three ways: by card at order, by a payment link sent to the borrower, or by invoice for lenders and CDCs. The report is delivered on payment.
What are the order terms?
You can cancel before we start work for a full refund. The RSRA order terms cover scope, price and payment, turnaround, refunds, reliance and limitations.
