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V.I. Economic Development Authority Releases List of Delinquent Loans

CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands – September 9, 2013 – Chief Executive Officer of the V.I. Economic Development Authority (VIEDA) Percival E. Clouden announces that the following list of Small Business Development Agency (SBDA) and Government Development Bank (GDB) delinquent borrowers is made available by the V.I. Economic Development Authority for the sole purpose of providing the name, date of loan and principal loan balance for those borrowers whose loans are more than thirty (30) days delinquent.

The principal balance does not include accrued interest, late fees or any other associated fees. The V.I. Economic Development Authority does not assume and expressly disclaims any liability for the accuracy or completeness of the information herein provided.

“We encourage any of the persons named above to contact the V.I. Economic Development Authority offices to arrange for payment or loan modification plans. While the delinquency represents a sizeable sum of our loan portfolio, we are pleased to inform the community that we are in fact recouping and redistributing the loan funds that are being repaid to develop and support our small businesses,” said Percival E. Clouden, Chief Executive Officer of the VIEDA.

For information, contact Percival E. Clouden, Chief Executive Officer of the VIEDA, at 340.714.1700.

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List of Delinquent Loans as of August 31, 2013

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