05.12.23
Deadline Approaching for Indiana Businesses and Residents to Apply for SBA Physical Disaster Loan
Michael Lampton, U.S. Small Business Administration
Disaster Field Operations Center East
May 12, 2023 – The U.S. Small Business Administration (SBA) reminds businesses of all sizes and residents in Indiana with damage from severe storms, straight-line winds and tornadoes that occurred March 31 through April 1 to apply for the federal disaster loan program by the June 14 deadline.
Businesses of all sizes, private nonprofit organizations, homeowners and renters in the declared counties are eligible to apply. Disaster survivors with insurance should not wait for their settlement before applying to the SBA. The SBA can make a loan for the total loss and use insurance proceeds to reduce or repay the loan.
The disaster declaration covers Allen, Benton, Clinton, Grant, Howard, Johnson, Lake, Monroe, Morgan, Owen, Sullivan and White counties in Indiana, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.
Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs):
Adams, Bartholomew, Blackford, Boone, Brown, Carroll, Cass, Clay, De Kalb, Delaware, Greene, Hamilton, Hendricks, Huntington, Jackson, Jasper, Knox, Lawrence, Madison, Marion, Miami, Montgomery, Newton, Noble, Porter, Pulaski, Putnam, Shelby, Tippecanoe, Tipton, Vigo, Wabash, Warren, Wells and Whitley in Indiana
Clark, Cook, Crawford, Iroquois, Kankakee, Vermillion and Will in Illinois; Defiance, Paulding and Van Wert in Ohio.
SBA is operating two Business Recovery Centers where anyone can get assistance with their disaster loan application, including uploading documents, checking an application’s status, or applying for reconsideration. The centers are open as indicated below:
Business Recovery Center Johnson County
Grace of Assembly of God Church
6822 North US 31
Whiteland, IN 46184
Hours: Monday – Friday, 9 a.m. to 5 p.m.
Saturday, 10 a.m. – 2 p.m.
Closed Saturday, May 13
Closed: Sunday
Business Recovery Center Sullivan County
Sullivan City Hall
110 N. Main Street
Sullivan, IN 47882
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.
Closed: Sunday
Due to the ongoing COVID-19 pandemic, the SBA has established protocols to help protect the health
and safety of the public. All visitors to the BRCs are encouraged to wear a face mask.
Interest rates are as low as 4 percent for businesses, 2.375 percent for nonprofit organizations, and
2.375 percent for homeowners and renters, with terms up to 30 years. Loan amounts 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://disasterloanassistance.sba.gov/ela/s/ and should apply under SBA declaration #17881.
To be considered for all forms of disaster assistance, applicants should register online at
DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable,
applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video
Relay Services should call 800-621-3362.
Disaster loan information and application forms can also be obtained by calling the SBA’s Customer
Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial
7-1-1 to access telecommunications relay services) or sending an email to
DisasterCustomerService@sba.gov. Loan applications can also be downloaded from sba.gov/disaster.
Completed applications should be 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 June 14, 2023.
The deadlineto return economic injury applications is January 15, 2024.
###
About the U.S. Small Business Administration
Recently, U.S. SBA Administrator Isabella Casillas Guzman announced a policy change granting 12 months of no payments and 0 percent interest. This policy change will benefit disaster survivors and help them to decrease the overall cost of recovery by reducing the amount of accrued interest they must repay. Details are available through the SBA Disaster Assistance Customer Service Center at 800-659-2955. Individuals with verbal or hearing impairments may dial 7-1-1 to access telecommunications relay services from 8 a.m. to 8 p.m. ET, Monday to Friday, or email: DisasterCustomerService@sba.gov.
The U.S. Small Business Administration helps power the American dream of business ownership. As the only goto resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
