As an area that is contiguous to the declared disaster area, Washington, DC, residential property owners, renters and business owners who were victims of this disaster may apply for the following types of SBA disaster loans:
- Home Disaster Loans – Loans up to $200,000 to homeowners or renters to repair or replace disaster damaged primary residences and up to $40,000 to replace personal property such as furniture, appliances and clothing. Renters are eligible for their personal property losses, including automobiles.
- Business Physical Disaster Loans – Loans up to $1.5 million to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Non-profit organizations such as charities, churches, private universities, etc., are also eligible.
- Economic Injury Disaster Loans (EIDL) – Loans for working capital to small businesses and small agricultural cooperatives to assist them through the disaster recovery period. EIDL assistance is only available to applicants and their owners who cannot provide for their own recovery from non-government sources. Farmers, ranchers, nurseries, religious and nonprofit organizations are not eligible for an EIDL.
SBA also offers mitigation funds to disaster victims that have approved physical loans. SBA mitigation funds are designed to help borrowers fund protective measures to prevent damages of the same kind from recurring in the future. To help fund these protective measures, borrowers may request an additional 20 percent of their approved loan amount.
Declaration: VIRGINIA #10569 & #1057 Disaster: # VA - 00003
Application Filing Deadlines:
Physical Damage: October 16, 2006
Economic Injury: May 17, 2007
For more information contact:
The SBA Disaster Assistance Customer Service Center
Monday through Saturday from 8 am until 9 pm EDT at 1-800-659-2955 or (1-800-877-8339 for the hearing impaired)
Business Loan applications can also be downloaded from the SBA website at www.sba.gov/disaster.
Completed applications should be mailed to:
US Small Business Administration
Processing and Disbursement Center
14925 Kingsport Road
Ft. Worth, TX 76155
DC Included in SBA Disaster Declaration
[SBA Declaration: VIRGINIA #10569 & #1057 Disaster: # VA – 00003]
Homeowners, renters, non-profit organizations and businesses that sustained physical damage in the cities of Alexandria, Fairfax and Falls Church and counties of Arlington, Fairfax and Loudoun, and Prince William in the Commonwealth of Virginia, the District of Columbia and Charles, Montgomery and Prince George’s counties in the State of Maryland as a result of Severe Storms and Floods of June 25-30, 2006 are eligible to apply for SBA Loans. The deadlines for applications are October 16, 2006 for physical damage and May 17, 2007, for economic damages. For more information call the SBA Disaster Assistance Customer Service Center (Monday through Saturday from 8 am until 9 pm EDT) at or 1-800-877-8339 for the hearing impaired. Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Ft. Worth, TX 76155. Applications may be downloaded on www.sba.gov/disaster.