Your Local SBA
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About Us Welcome To The Washington Metropolitan Area District Office
U.S. Small Business Administration
Street Map and See Small Business Strategic Plan and Resource Guide What SBA Is And Does... The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. We help Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam. Also see Learn About SBA . The Washington Metropolitan Area District Office is responsible for the delivery of SBA's many programs and services to the District of Columbia; Montgomery and Prince George's Counties in Maryland; the cities of Alexandria, Fairfax and Falls Church; Arlington, Fairfax and Loudoun Counties in Virginia. The District Director is Eugene Cornelius, Jr. The Washington Metropolitan Area District Office is located at 740 15th Street, 3rd Floor, NW, Washington, DC. Office hours are from 8:00 AM until 4:30 PM, Monday through Friday. For program and service information about the Washington Metropolitan Area District Office, call 202-272-0345. Additional staff member names and phone numbers are listed elsewhere on the Washington Metropolitan Area District Office homepage. Free counseling, advice and information on starting a business through the SCORE: Counselors to America's Small Business. Financial assistance for new or existing businesses through guaranteed loans made by area bank and non-bank lenders. Free consulting services through the network of Small Business Development Centers. SBDCs also conduct training events throughout the district - some require a nominal registration fee. Assistance to businesses owned and controlled by socially and economically disadvantaged individuals through the Minority Enterprise Development Program. Women's Business Ownership Representatives are available to advise women business owners. Special loan programs are available for businesses involved in international trade.
If you're a credit-worthy veteran, you can get a guaranteed loan. Our Veterans Affairs Officer is available to assist you.
The Washington Metropolitan Area District Office assisted 1,418 businesses in obtaining $273 million in loans in the fiscal year that ended September 30, 2006. These loans were made through the 7(a)loan and 504 loan programs. Working through over 118 local lenders, borrowers can obtain SBA guarantees on their loans. The maximum loan guarantee for one business or individual is $1.5 million. Proceeds can be used for working capital, inventory, machinery and equipment purchases and real property. Guaranteed loans may also be used to purchase an existing business. Terms vary depending upon the use of loan proceeds. Interest rates also vary depending upon the size and term of the loan. For more information, call 202 272-0345. Also see SBA's Financing Your Business home page. The Washington Metropolitan Area District Office provides free counseling through the SCORE: Counselors to America's Small Business. SCORE chapters are located in the Washington District Area. For a schedule of events, please click on the Calendar of Events button on the WMADO homepage. Through its business development program known as the 8(a) Program, the SBA assists small businesses owned and controlled by socially and economically disadvantaged individuals. Businesses must be able to provide a product or service that is purchased by an agency of the federal government. Since various government agencies have different mission requirements which affect purchasing needs, we encourage all firms owned by socially or economically disadvantaged individuals to contact our Minority Enterprise Development Staff they are listed elsewhere. Orientation workshops for the 8(a) Program are held regularly - please consult the Calendar of Events on the SBA homepage for a location near you. Also see SBA's Government Contracting and Minnority Enterprise Development home page and 8(a) Program Application.
SBA makes special effort to provide its programs to women, minorities, veterans and businesses involved in international trade. For additional information on these special emphasis areas, call us at 202 272-0345. If you are a credit-worthy veteran, we want to help you obtain a small business loan! Also see SBA's Veterans Affairs home page. If you are a credit-worthy woman, we want to help you obtain small business loans! If you've established your business, we want to help you obtain government contracts! Also see SBA's Women in Business home page and Women's Online Business Center home page. Local SBA Offices Washington Metropolitan Area District Office Public Information Officers
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