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| [IDHS] SBA Disaster Drought Assistance Available for All of Indiana |
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| Start Date: | 8/24/2012 | Start Time: | 12:00 AM |
| End Date: | 8/24/2012 | End Time: | 11:59 PM |
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Entry Description
ATLANTA – Small businesses in all Indiana counties are now eligible for low interest disaster loans from the U.S. Small Business Administration.
With the latest declarations, small businesses, small agricultural cooperatives, small businesses engaged in
aquaculture and most private non-profit organizations of all sizes located in
Indiana are eligible for disaster assistance as a result of the prolonged drought this summer.
Due to the different dates that SBA disaster loans were granted, there are different deadlines to apply. The SBA website has a list of deadlines at http://1.usa.gov/Nz3ro0. For questions, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.
SBA Economic Injury Disaster Loans
The loan amount can be up to $2 million with interest rates of 3 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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Media Contact
U.S. SBA: Michael Lampton, 404-331-0333 |
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Entry Category:
Announcements |
IN.gov Category:
Public Safety |
Agency Name
Homeland Security, Indiana Department of |
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