SBA & SPARK Update Regarding Environmental Policies and Procedures

The SBA issued Policy Notice 5000-866054 on Environmental Policies and Procedures, which is being enforced in E-Tran as of today, March 28th. To align with this change, SPARK will deploy a hotfix this evening, March 28th, at 11:00 PM CT.

A new eligibility question will be added to the E-Tran submission to certify that lenders will comply with the SBA's Environmental Policies and Procedures in SOP 50 10:

Lender certifies that it will comply with SBA’s Environmental Policies and Procedures in SOP 50 10. If this loan is being processed under non-delegated authority, Lender certifies that if the project includes real Property, and the Property is Contaminated, Lender will not disburse the loan unless the Environmental Investigation and the Environmental Investigation Report(s) have been approved by SBA. Note: Capitalized terms are defined terms in SOP 50 10.

If you have any questions, please reach out to your Customer Success Manager or submit a ticket to the SPARK Support Team.