SBA Offers Loans to D.C. Small Businesses

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Washington, D.C., businesses can start applying for economic injury disaster loans in the wake of coronavirus-related closures and restrictions. Mayor Muriel Bowser announced on March 18 that the U.S. Small Business Administration had accepted the District’s declaration for assistance.

The SBA’s Office of Disaster Assistance will provide low-interest loans of up to $2 million to severely impacted small businesses in the District.

D.C.’s Department of Small and Local Business Development, the SBA’s local liaison, suggests that businesses keep the following in mind:

  • Start the online application process by visiting dslbd.dc.gov;
  • Prepare to apply by reviewing the Three Step Process of SBA Disaster Loans to understand what to expect;
  • Remember that the online application requires at least three years of tax returns;
  • Contact the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 (7 a.m. to 9 p.m. daily) or disastercustomerservice@sba.govfor help in completing the online application.

Additional application assistance is available by emailing dslbd.ptac@dc.gov or calling 202-727-3900, option 7.

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