U.S. SBA Disaster Loan Program - June-July 2015 Storms
Residents, businesses and non-profit organizations affected by severe storms from June and July can apply for low-interest disaster loans from the U.S. Small Business Administration (SBA).
Who is Eligible?
Residents, businesses and non-profit organizations in the following counties: Adams, Allen, Bartholomew, Blackford, Brown, Clark, Delaware, Grant, Hendricks, Huntington, Jackson, Jay, Jefferson, Jennings, Johnson, Marion, Monroe, Morgan, Owen, Putnam, Randolph, Ripley, Scott, Switzerland, Wabash, Wells and Whitley.
Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
How to Apply for SBA Loans
Disaster loan information can also be completed on SBA's secure website at https://disasterloan.sba.gov/ela/.
Additional details on the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an e-mail to firstname.lastname@example.org.
For more information about the SBA’s Disaster Loan Program, visit http://www.sba.gov/disaster.
Those suffering damage to personal or business property must return applications by October 19, 2015.
The deadline to return economic injury applications - which includes, for example, payroll, working capital and other business financial commitments - is May 18, 2016.