U.S. Small Business Administration Declares Virginia a Disaster Area

In keeping with our commitment to bring you the most up to date information, we wanted to let you know that the US Small Business Administration has granted disaster declaration for Prince William County, as well as all of Virginia. As a result, affected businesses, private nonprofits, homeowners and renters may qualify for federal disaster loans. Details on the application process are provided below. If you have questions or need assistance, email our team at CGrove@pwcgov.org or call 703-792-5510.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

For a detailed explanation of SBA’s Disaster Loans, please see SBA’s Three Step Process Factsheet. That can be accessed here:

https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf

Items Required for Applications:

1.  Loan application (SBA Form 5), completed and signed (this is electronic/online in the portal). To see what the form looks like, an example can be found here.

2.  Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management.

3.  Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available

4.  Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member

5.  Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used)

We will continue to bring you more information and resources as and when we receive them. Please don’t hesitate to contact the Department of Economic Development for help.

Christina M. Winn

Executive Director

Prince William County Department of Economic Development