Low Interest Loans Available to Alexandrians Impacted By July 8 Storms
Disaster Loan Outreach Centers will operate in the region on Aug. 13, and applications can be made at the SBA's website until October.
Alexandria, VA – Was your business or home impacted by the July 8 storms that swept through Alexandria? The U.S. Small Business Association is making low interest loans available for “qualifying” Alexandria home and business owners to replace or repair any damaged real estate.
The weather event, which was formally declared an emergency by the Alexandria City Council, saw a month’s worth of rain dumped on the city over the course of an hour.
Check It Out: City Council Declares July 8 Rainstorm a Local Emergency
Homeowners may be eligible to get up to $200,000 in loans to replace damaged real estate, and up to $40,000 to repair any damaged personal property. Businesses and private nonprofits can get up to $2 million in loans
The interest rates for the 30-year loans are:
- 1.938 percent for homeowners and renters
- 4 percent for businesses
- 2 percent for nonprofits
Disaster Loan Outreach Centers will operate in the on Aug. 13, and applications can be made at the SBA’s secure website.
The nearest SBA Disaster Loan Outreach Center locations and operating hours serving the Alexandria community are:
Arlington County Trades Center Parks and Natural Resources Operations Building (2700 S. Taylor St.)
- August 13: 11 a.m.-8 p.m.
- August 14: 11 a.m.-8 p.m.
- August 15: 11 a.m.-8 p.m.
- August 16: 10 a.m.-6 p.m.
- August 17: 9 a.m.-1 p.m.
- August 18: CLOSED
- August 19: 11 a.m.-8 p.m.
Tysons-Pimmit Regional Library (7584 Leesburg Pike, Falls Church)
- August 13: 11 a.m.-8 p.m.
- August 14: 11 a.m.-8 p.m.
- August 15: 11 a.m.-8 p.m.
- August 16: 10 a.m.-6 p.m.
- August 17: 1-5 p.m.
- August 18: CLOSED
- August 19: 11 a.m.-8 p.m.
The filing deadline to return applications for physical property damage is October 7, 2019.
