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  1. VIEDA closes the first two VI Slice loans with FirstBank

    ... families in the Territory. VIEDA’s chief executive officer, Wayne L. Biggs, Jr., expressed optimism about the program’s ... economic impact, stating, “Since the very first VI Slice loan was closed on St. Croix in May, resident interest has remained high. Local ...

  2. VIEDA officials adjust VI Slice mortgage loan requirements to increase homeownership opportunities in the USVI

    ... announced today that the VIEDA is increasing its combined loan-to-value (CLTV) ratio and debt-to-income ratio (DTI) requirements for the ... clients,” stated Wayne L. Biggs, Jr., chief executive officer of the VIEDA, regarding the reason for these revisions to the ...

  3. Banco Popular Signs VI Slice MOA

    ... lender to sign a VI Slice MOA. VIEDA Chief Executive Officer Wayne L. Biggs, Jr. expressed optimism about the opportunities this ... local lender on the program that also offers this type of loan, options have increased for residents. The program has been gaining ...

  4. U.S. Virgin Islands Economic Development Authority approves more than $11.1 million in loan guarantees to help local small businesses as of fiscal year 2017

    ... Authority approves more than $11.1 million in loan guarantees to help local small businesses as of fiscal year 2017 ... Bond Program,” said USVIEDA Acting Chief Executive Officer Wayne L. Biggs, Jr.  The USVI State Small Business Credit ...

  5. Economic Development Bank experiences 30 percent reduction in business loan delinquency rate for Fiscal Year 2017

    ... EDB also reports a nearly 40 percent increase in business loan payments by EDB clients CHARLOTTE AMALIE, St. Thomas, USVI – ... Islands. According to USVIEDA Acting Chief Executive Officer Wayne L. Biggs, Jr., the EDB staff continues to also collect on ...

  6. VIEDA Board of Directors to consider applications for tax incentives, low-interest loans from businesses on October 27

    ... 18, 2022 - Wayne L. Biggs, Jr., chief executive officer of the Virgin Islands Economic Development Authority (VIEDA), announces ... the  Economic Development Bank (EDB)  on small business loan applications received by the EDB.  The VIEDA advises the public that ...

  7. VIEDA Board of Directors approve Economic Development Bank to offer U.S. SBA loans to USVI small businesses

    ... for the PPP. According to the U.S. SBA, the PPP is a loan designed to provide a direct incentive for small businesses to keep their ... said Wayne L. Biggs, Jr., acting VIEDA chief executive officer. “This reauthorization of the EDB as an SBA lender is a significant ...

  8. VIEDA seeks to help local small-to-medium-size businesses with federal post-disaster relief loan program

    ... to take advantage of its Post-Disaster Relief Revolving Loan Program. This program is funded by the Economic Development Administration ... Storms Tomas and Otto," said VIEDA Acting Chief Executive Officer Wayne L. Biggs, Jr. "This program is designed to help ensure that these ...

  9. U.S. Virgin Islands loan program to receive $4.3 million from the U.S. Department of the Treasury

    ... for the USVI since 2011," said VIEDA Acting Chief Executive Officer Wayne L. Biggs, Jr. "We are encouraging more eligible potential and ... assistance from the following approved programs: the Loan Guarantee Program; Collateral Support Program and the Payment, Surety and ...

  10. Aspiring first-time homeowner on St. Croix becomes first recipient of homeownership financing offered by VI Slice program

    ... Development Authority (VIEDA), in partnership with the Office of the Governor and the Office of Disaster Recovery (ODR) celebrated the ... Program’s (hereafter “VI Slice”) first mortgage loan on Monday, May 22, 2023 with approved VI Slice client Jahtaya I. Regis at ...