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[IDHS] Deadlines Approaching to Apply for Low Interest Disaster Loans Due to Drought in Indiana
Start Date: 2/26/2013
End Date: 2/26/2013
Entry Description
DEADLINES APPROACHING TO APPLY FOR LOW INTEREST DISASTER LOANS DUE TO DROUGHT IN INDIANA

ATLANTA - The U.S. Small Business Administration is reminding Indiana small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that the deadlines to file for federal low interest economic injury disaster loans as a result of last year’s drought are approaching.

A series of SBA Secretary of Agriculture disaster declarations during the summer of 2012 made federal economic injury disaster loans available to farm-related and nonfarm-related entities that suffered financial losses as a direct result of a drought. Combined, the declarations covered all of Indiana’s 92 counties. Some counties were included in multiple declarations and are eligible to apply for loans from any of the declarations they were a part of.

Due to the different dates that SBA disaster loans were granted, there are different deadlines to apply. The first of these deadlines is March 12, 2013. A list of deadlines and counties that are affected is below. The SBA website also 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.

Deadlines and Counties Affected

March 12, 2013: Adams, Allen, Blackford, Carroll, Cass, Clay, Clinton, Crawford, Daviess, DeKalb, Delaware, Dubois, Elkhart, Fulton, Gibson, Grant, Greene, Harrison, Howard, Huntington, Jackson, Jasper, Jay, Knox, Kosciusko, LaPorte, Lagrange, Lawrence, Madison, Marshall, Martin, Miami, Monroe, Noble, Orange, Owen, Perry, Pike, Posey, Pulaski, Spencer, St. Joseph, Starke, Steuben, Sullivan, Tippecanoe, Tipton, Vanderburgh, Wabash, Warrick, Washington, Wells, White, Whitley

March 18, 2013: Bartholomew, Brown, Boone, Clay, Clinton, Decatur, Fountain, Greene, Hamilton, Hancock, Hendricks, Henry, Jackson, Jennings, Johnson, Lawrence, Madison, Marion, Monroe, Montgomery, Morgan, Owen, Parke, Putnam, Rush, Shelby, Sullivan, Tipton, Vermillion, Vigo

March 25, 2013: Benton, Blackford, Boone, Carroll, Cass, Clay, Clinton, Decatur, Delaware, Elkhart, Fayette, Fountain, Franklin, Grant, Hamilton, Hancock, Hendricks, Henry, Howard, Jasper, Jay, Knox, Lagrange, Madison, Marion, Montgomery, Parke, Pulaski, Putnam, Randolph, Rush, Shelby, St. Joseph, Steuben, Sullivan, Tippecanoe, Tipton, Vermillion, Vigo, Warren, Wayne, Wells, White

April 1, 2013: Bartholomew, Benton, Brown, Fountain, Jackson, Jennings, Lawrence, Monroe, Newton, Scott, Sullivan Tippecanoe, Vermillion, Vigo, Warren, Washington

April 8, 2013: DeKalb, Perry, Steuben

April 15, 2013: Adams, Allen, Bartholomew, Benton, Clark, Crawford, DeKalb, Dearborn, Decatur, Fayette, Floyd, Franklin, Fulton, Harrison, Henry, Jackson, Jasper, Jay, Jefferson, Jennings, LaPorte, Lake, Lawrence, Marshall, Newton, Ohio, Orange, Porter, Pulaski, Randolph, Ripley, Rush, Scott, Shelby, St. Joseph, Starke, Switzerland, Tippecanoe, Union, Warren, Washington, Wayne, Wells, White

April 22, 2013: Delaware, Henry, Jay, Randolph, Wayne

April 29, 2013: Crawford, Elkhart, Harrison, LaPorte, Lagrange, Perry, St. Joseph, Steuben

-30-

MEDIA CONTACT ONLY:
IDHS: PIO on duty, (317) 234-6713, pio@dhs.in.gov. Follow us on Facebook and Twitter.
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