[Archived] SBA Opens Office in Alexandria to Assist Businesses

City Press Release


	City of Alexandria, Virginia Office of the City Manager Alexandria City Hall 301 King Street, Suite 3500 Alexandria, Virginia 22314-3211 www.alexandriava.gov Telephone: 703.838.4300 Fax : 703.838.6343

FOR IMMEDIATE RELEASE Contact Paula Riley, Executive Director
October 23, 2001 Alexandria Economic Development Partnership, 703.739.3820

SBA OPENS OFFICE IN ALEXANDRIA TO ASSIST BUSINESSES
IMPACTED BY SEPTEMBER 11 TRAGEDIES

On Sept. 21, 2001, the City of Alexandria was declared by the Federal Government as an area eligible for economic injury disaster loans. The U.S. Small Business Administration (SBA) has opened an office in Alexandria to assist businesses experiencing economic injury as a result of the terrorist attacks on Sept. 11, 2001 and the lengthy closing of ReaganWashington National Airport..

SBA’s Economic Injury Disaster Loans (EIDL) can help a business meet necessary financial obligations it could have met had the disaster not occurred. EIDL provides relief from economic injury caused directly by the disaster and permits the business to maintain a reasonable working capital position during the period affected by the disaster. EIDL covers uninsured and under insured losses for eligible small businesses unable to pay bills or meet operating expenses. Interest rates are 4 percent for a period up to 30 years with a statutory maximum loan of $1.5 million.

An SBA representative is available to meet with businesses on a walk-in basis from 8 a.m. until 6 p.m., Monday through Friday. The temporary SBA office is located with the Alexandria Economic Development Partnership, Inc. (AEDP), 1729 King St., Suite 410, Alexandria, VA 22314 or phone 703-739-3820. For questions and detailed information, call 800-659-2955 or visit the SBA website: www.sba.gov/disaster. SBA is also available on Saturdays from 9 a.m. to 3 p.m. at George Mason University, 3401 North Fairfax Drive, #217A, Arlington, VA 22201.
The AEDP is a public/private partnership, which plans, directs, manages and implements efforts to attract, expand and retain business operations in the City of Alexandria. AEDP has worked since 1981 as a facilitator to establish Alexandria as a nationally recognized community and business center. AEDP is located at 1729 King Street, Suite 410, Alexandria, VA 22314. 703-739-3820, alexecon@erols.com; web site: www.alexecon.org