US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs
Section A Ch 5: Guaranties, tax verification, insurance, historic and environmental – US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs

US SBA SOP 50 10 8.1 Lender and Development Company Loan Programs A5-D: Section A Ch 5 Para D: Historic property due diligence and Section 106 review

For every loan involving the purchase or renovation of a property or site (including equipment installation), the SBA Lender carries out and documents, loan by loan, prudent due diligence on whether it is listed on or may be eligible for the National Register of Historic Places. If there is no indication, it documents the file. If there is, and no alteration is intended, it obtains the Borrower's SBA Form 2481 self-certification before submitting the application or requesting a loan number, and local SBA counsel's clearance (void if intentions change before disbursement). If any alteration, renovation, restoration or demolition is planned, from any funding source, it requests a Section 106 review from local SBA counsel with the parties, results of its due diligence, a full description of the work and whether it has started (instructing the Borrower to stop work, or the loan cannot be approved or disbursed). Clearances are kept in the delegated file, sent with non-delegated applications and produced at guaranty purchase.

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