SBA Offers Disaster Assistance to Residents of Indiana Affected by Severe Storms, Tornadoes and Flooding

Aug 19, 2015, 15:48 ET from U.S. Small Business Administration

WASHINGTON, Aug. 19, 2015 /PRNewswire-USNewswire/ -- Indiana businesses and residents affected by the severe storms, tornadoes and flooding on June 7 through July 29, can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Maria Contreras-Sweet announced today.

Contreras-Sweet made the loans available in response to a letter from Gov. Michael R. Pence on Aug. 13, requesting a disaster declaration by the SBA. The declaration covers Brown, Huntington, Jay, Jefferson and Morgan counties and the adjacent counties of Adams, Allen, Bartholomew, Blackford, Clark, Delaware, Grant, Hendricks, Jackson, Jennings, Johnson, Marion, Monroe, Owen, Putnam, Randolph, Ripley, Scott, Switzerland, Wabash, Wells, Whitley in Indiana; Carroll and Trimble counties in Kentucky; Darke and Mercer counties in Ohio.

"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," said Contreras-Sweet. "Getting businesses and communities up and running after a disaster is our highest priority at SBA."

"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," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. 

SBA's customer service representatives are available at the Disaster Loan Outreach Centers to answer questions about the disaster loan program and help individuals complete their applications.  The Centers are located in the following communities and are open as indicated:

Brown County     

                                                      

Huntington County

Brown County Emergency Services Building

55 State Road 46 East 

Nashville, IN 47448

Huntington City – Township Public Library 

255 West Park Drive

Huntington, IN 46750

Opening:           Thursday, Aug. 20 at 8 a.m.

Opening:           Thursday, Aug. 20 at 9 a.m.

Days and Hours:

Monday to Friday;  8:00 a.m. to 5:00 p.m.

Saturday, Aug. 22; 10 a.m. to 2:00 p.m.

Sunday, Closed

Days and Hours:          

Monday to Friday; 9:00 a.m. to 6:00 p.m.

Saturday, Aug. 22; 10:00 a.m. to 2:00 p.m.

Sunday, Closed

Closing:            Thursday, Aug. 27 at 3 p.m.

Closing:            Thursday Aug. 27 at 4 p.m.

 

Jay County

 

Jefferson County

 

Jay County Courthouse

120 N. Court Street

Portland, IN 47371

Madison City Hall

101 West Main Street

Madison, IN 47250

Opening:           Thursday, Aug. 20 at 8 a.m.

Opening:           Thursday, Aug. 20 at 8 a.m.

Days and Hours:          

Monday to Friday; 8:00 a.m. to 5:00 p.m.

Saturday, Aug. 22; 8:00 a.m. to 12:00 p.m.

Sunday, Closed

Days and Hours:          

Monday to Friday; 8:00 a.m. to 5:00 p.m.

Saturday, Aug. 22; 10:00 a.m. to 2:00 p.m.

Sunday, Closed

Closing:            Thursday, Aug. 27 at 3 p.m

Closing:            Thursday, Aug. 27 at 3 p.m.

 

Morgan County

 

Churches in Mission's Hope House

(Building at corner of Maple Lane and Main Street)

148 E. Main Street

Mooresville, IN 46158

Opening:                       Thursday, Aug. 20 at 8 a.m.

Days and Hours:         Monday to Friday; 8:00 a.m. to 5:00 p.m.

                                    Saturday, Aug. 22; 10:00 a.m. to 2:00 p.m.

                                    Sunday, Closed

Closing:                        Thursday, Aug. 27 at 3 p.m

 

"Businesses and nonprofit 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," said Stacey Poynter, SBA's district director in Indiana.

Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, to make improvements that help prevent the risk of future property damage caused by a similar disaster.

For small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any physical property damage.

Interest rates are as low as 4 percent for businesses, 2.625 percent for nonprofit organizations, and 1.688 percent for homeowners and renters with terms up to 30 years.  Loan amount and terms are set by the SBA and are based on each applicant's financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Individuals and businesses may also obtain information and loan applications by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing disastercustomerservice@sba.gov. Loan applications can also be downloaded at www.sba.gov/disaster. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is October 19, 2015.  The deadline to return economic injury applications is May 18, 2016.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.

Release Number: 15-334 IN 14430/14431

Contact:  Michael Lampton
Email: Michael.Lampton@sba.gov 
Phone:  (404) 331-0333

Logo - http://photos.prnewswire.com/prnh/20110909/DC65875LOGO

 

SOURCE U.S. Small Business Administration



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