Connolly: Low-Interest Loan Offices to Open Wednesday for Flood Victims

Offices in Fairfax and Prince William Counties are scheduled to open Wednesday for homeowners, renters, and business in Northern Virginia impacted by Tropical Storm Lee to apply for low-interest loans from the U.S. Small Business Administration, Congressman Connolly said Tuesday. 

Connolly said the two offices will be open from 10 a.m. to 7 p.m. Monday through Friday and 10 a.m. to 2 p.m. on Saturdays from Nov. 16 through Nov. 22.

The Prince William Office is located in Suite 140 of the Ferlazzo Building, 15941 Donald Curtis Drive, Woodbridge. 

“The window of opportunity is limited and I encourage those Northern Virginia residents, business, and non-profits who incurred property damage from Tropical Storm Lee to take advantage of this program,” Connolly said in a prepared statement.

Low-interest SBA loans are available to residents and businesses in the counties of Fairfax, Prince William, Arlington, Stafford, and Loudoun, and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park. 

Affected homeowners are eligible for loans up to $200,000 to repair or replace real estate damaged by the storm.  Homeowners and renters are also eligible for loans up to $40,000 for lost of damaged personal property. Affected businesses and non-profit organizations can receive low-interest loans up to $2 million to replace or repair damaged real estate, as well as equipment, inventory, and other business assets.

• Submitted from Congressman Gerry Connolly's office.