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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.
Environmental Questionnaire means the questionnaire used by a Lender to determine the likelihood that Contamination may be present at Property offered to secure an SBA guaranteed loan.
Depending on the property type (aka: NAICs code), the EQ will be required to be completed either by the lender (with the help of the owner/occupant of the subject property) or by the Environmental Professional (EP).
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