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District of Columbia Small Businesses Eligible To Apply for SBA Disaster Loans

Thursday, November 8, 2001

(Washington, DC) District of Columbia small business owners whose businesses were impacted by the September 11 plane crash at the Pentagon are eligible to apply for Economic Injury Disaster Loans (EIDL) administered by the US Small Business Administration (SBA) under the provisions of Disaster Declaration FEMA-1392-DR-VA. The District was included under the disaster declaration granted to Arlington, Virginia, because it is a contiguous jurisdiction directly affected by the disaster.

These SBA disaster loans cover uninsured and underinsured economic losses resulting directly and indirectly from the events surrounding September 11. EIDLs are available to eligible small businesses unable to pay bills or meet operating expenses. The loan amount may not exceed $1.5 million and terms may run up to 30 years. These loans carry an interest rate of four percent. The deadline for filing applications is June 21, 2002.

Interested persons may obtain disaster loan applications and information regarding SBA loan programs by calling SBA and speaking with a loan officer. SBA's toll free telephone number is (800) 659-2955.

Applications and assistance in completing applications are also available at the following locations:

Howard University Small Business Development Center (SBDC)
2600 Sixth Street, NW, Suite 128
Washington, DC
(202) 806-1550

Howard University SBDC/Center for Urban Progress
2000 14th Street, NW, Suite 330
Washington, DC 20009
(202) 671-2828

Anacostia Economic Development Corporation
2018 MLK Avenue, SE
Washington, DC 20020
(202) 889-5090