Businesses impacted by the January 2025 severe winter storms that resulted in power and water outages and boil water advisories can now apply for Economic Injury Disaster Loans (EIDL) to support their recovery. Starting April 22, businesses can receive in-person support at a SBA Business Recovery Center (see details below). Businesses interested in learning more are encouraged to attend a virtual learning session on April 24th (see details below).

EIDL Program Details

Administered by the SBA, the EIDL program provides working capital loans to help small businesses and most private, non-profit organizations of all sizes meet those ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.  Visit the SBA website for additional details on the program, including details on interest rates and loan requirements.

The SBA disaster declaration covers businesses located in the City of Richmond, Goochland, Hanover, and Henrico, as well as Caroline, Charles City, Chesterfield, Cumberland, Fluvanna, King William, Louisa, New Kent, Powhatan, and Spotsylvania counties.

Business Recovery Centers

From Tuesday, April 22 through Tuesday, May 6 the SBA will have two temporary Business Recovery Centers located at the Main Branch Library in the City of Richmond (101 E Franklin Street) and at the North Park Library in Henrico County (8508 Franconia Road). Businesses can visit either location to receive hands-on loan application support from an SBA employee. Please see below for specific hours of operation.

Richmond Public Library
101 E Franklin Street, Richmond, VA 23219
Opening Tuesday, April 22 @ 10:00 am – 6:00 pm
Permanently closing Tuesday, May 6 @ 5:00 pm
Operating Hours:

• Monday – Friday:  9:00 am – 6:00 pm
• Saturday: 10:00 am – 2:00 pm

North Park Library
8508 Franconia Road, Richmond, VA 23227
Opening Tuesday, April 22 @ 11:00 am – 4:30 pm
*Closed Saturday, May 3
Permanently closing Tuesday, May 6 @ 3:30 pm
Operating Hours:

• Monday – Tuesday, Friday: 10:00 am – 4:30 pm
• Wednesday: 11:30 am – 4:30 pm
• Thursday: 1:00 pm – 4:30 pm
• Saturday*: 10:00 am – 1:30 pm

Virtual Information Session

Business owners who are interested in learning more about the SBA loan program and how to apply can register here to attend a virtual information session. Event details are as follows:

Date: Thursday, April 24
Time: 12:00 – 1:00PM EDT
Location: Virtual

Apply Online

Applications for disaster loans may be submitted online using the MySBA Loan Portal or at one of two designated SBA Business Recovery Centers. For further assistance. please contact the SBA’s Customer Service Center by email or by phone at 1-800-659-2955. Those who are deaf, hard of hearing, or have a speech disability can dial 7-1-1 to access telecommunications relay services.