Glossary · People and paperwork
Environmental consultant
In short
An Environmental consultant is a specialist who assesses potential environmental risks associated with a property. They identify issues like contamination that could affect the property's value or create future liabilities for you.
What it means in a deal
If your deal involves real estate, especially industrial or commercial properties, the SBA requires an Environmental consultant to perform an Environmental Questionnaire or a Phase I Environmental Site Assessment. Undisclosed Recognized Environmental Conditions can halt your deal or create significant post-closing liabilities.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Environmental consultant
- What if the departing partner remains involved as a consultant after buyout?
- What if the seller remains as an employee or consultant after the acquisition?
- What if the seller remains as a paid consultant or employee for a period after closing?
- If a seller takes a fully subordinated note, can they remain an employee or consultant after acquisition?
- Can an exiting partner remain on the payroll as an employee or consultant after an SBA-financed buyout?
- How does the SBA handle situations where the seller desires to remain as a paid consultant post-closing?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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