Open Modal

SBA announces low-interest loans for Indiana residents impacted by disasters

Indiana businesses and residents affected by tornadoes, high winds and severe storms on June 15-17, 2019 can apply for low-interest disaster loans from the U.S. Small Business Administration, Acting Administrator Christopher Pilkerton announced.

Acting Administrator Pilkerton made the loans available in response to a letter from Indiana Gov. Eric J. Holcomb on July 1, requesting a disaster declaration by the SBA. The declaration covers Monroe County and the adjacent counties of Brown, Greene, Jackson, Lawrence, Morgan and Owen in Indiana.

“The SBA is strongly committed to providing the people of Indiana with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” Pilkerton said. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”

SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Center to answer questions about the disaster loan program and help individuals complete their applications.

“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Indiana District Director Stacey Poynter.

Recommended Posts