504 Lending
For years Outsourced Risk Management Solutions (ORMS) has worked closely with the SBA and CDCs to help provide an in-house environmental due diligence solution. ORMS helps CDCs review and package environmental submissions thereby increasing the approval rate for our clients. ORMS reduces the time spent by your staff of the review and submission of environmental reports to the SBA, all while increasing the number of loans you can close successfully.
| Challenge | Solution | ORMS |
|---|---|---|
| Managing the environmental risk process for your CDC | Evaluate, develop, implement and monitor your due diligence policy | YES |
| Time required to review and package environmental submissions | Experts review each submission to increase your approval while providing a risk management review | YES |
| Uncertainty when an environmental issue is raised | Experts handle the review, identify if a mitigating factor is applicable, prepare the submission. Clients can rest easy knowing your experts have long lasting relation-ships with the SBA. | YES |
| Handling the appeals process | Have an advocate to assist and guide the appeal to the environmental committee | YES |
| What is a Records Search with Risk Assessment | A team to perform a SBA approved RSRA and explain the results to your CDC | YES |