Individuals, Businesses, Private Non Profits Could Apply If Granted

INDIANAPOLIS (August 28, 2008) - Gov. Mitch Daniels has requested U.S. Small Business Administration (SBA) loan assistance for Porter County as a result of serious damage sustained to homes and businesses from severe storms and a tornado August 19.

The amount of damage in Porter County did not meet the Federal Emergency Management Agency (FEMA) guidelines for a presidential disaster declaration.

SBA provides low interest, long term loans to individuals, businesses and private non-profit organizations in a declared disaster area for losses not fully covered by insurance. Loans can include funds for physical losses or to help meet working capital needs caused by the disaster.

The disaster loan program is the only form of SBA assistance not limited to small businesses.

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