Low-Interest Loans Available to Help Fairfax County Residents with Tropical Storm Lee Recovery
The U.S. Small Business Administration (SBA) will make low-interest disaster loans available to homeowners, renters and businesses that sustained major damage from severe weather in Fairfax County during Tropical Storm Lee Sept. 8 and 9, 2011.
The SBA Disaster Outreach Center will open on Wednesday, Nov. 16, through Tuesday, Nov. 22, at close of business, at the South County Government Center, 8350 Richmond Highway, Alexandria.
Monday through Friday
10 a.m. - 7 p.m.
Saturday, Nov. 19
10 a.m. - 2 p.m.
Homeowners are eligible for Real Property Loans of up to $200,000 to repair or restore a primary home to its pre-disaster condition.
Personal Property Loans can also provide homeowners or renters with up to $40,000 to help repair or replace personal property, such as clothing, furniture and automobiles lost in the disaster.
In addition, businesses suffering damage can apply for loans of up to $2 million to help repair or replace damaged property as well as for loss of business.
Interest rates for homeowners and renters range from 2.500 to 5.000 percent depending on credit availability. Rates for businesses and nonprofit organizations range from 3 to 6.000 percent depending on credit availability.
For more information, contact SBA’s Disaster Assistance Customer Service Center at 800-659-2955, email firstname.lastname@example.org. Applicants may also apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela. Deaf and hard-of-hearing individuals may call 800-877-8339.
SBA loans also are available in the counties of Arlington, Fauquier, Loudoun and Prince William, and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park. Residents from any of the jurisdictions listed above may come to the South County Center; residents from any of these jurisdictions will not be turned away.