Aug. 14 Deadline to Apply for Tropical Storm Lee Disaster Loans
Posted 11:15 a.m.
The U.S. Small Business Administration is reminding businesses in Virginia that working capital loans are still available to small businesses, small agricultural cooperatives and most private non-profit organizations affected by Tropical Storm Lee that occurred on Sept. 8 – 9, 2011.
You must apply by Aug. 14.
Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 3 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred.
These EIDLs are available to small businesses and most private non-profit organizations in the following Virginia locations: Fairfax and Prince William counties; the neighboring counties of Arlington, Fauquier, Loudoun and Stafford; the independent cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park in Virginia.
You may apply online at https://disasterloan.sba.gov/ela.
You also can obtain disaster loan information and application forms by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to email@example.com. Loan application forms can also be downloaded from www.sba.gov.