SBA Offers Disaster Assistance to Businesses and Residents of Indiana Affected by Tornadoes, High Winds, and Severe Storms

(UNDATED) – The U.S. Small Business Administration is offering low interest loans to businesses and residents of Indiana affected by tornadoes, high winds, and severe storms June 15-17.

The loans were made available in response to a letter from Indiana Governor Eric Holcomb requesting a disaster declaration from the SBA.

The declaration covers Monroe County and the adjacent counties of Brown, Greene, Jackson, Lawrence, Morgan and Owen.

SBA customer service representatives will be available at a Disaster Loan Outreach Center set up in Ellettsville beginning Tuesday at 11 AM.

The office is located at North Monroe Fire Station #5 at 5081 North Old State Road 37 in Ellettsville.

It will be open Monday through Friday from 9 a.m. until 6 p.m. and Saturday, July 13 from 10 a.m. until 2 p.m.

The office will close Thursday, July 18 at 4 p.m..

Applicants may apply online here.

Businesses and private non-profit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate.

Loans of up to $200,000 are available to homeowners.