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[IDHS] Disaster Loans Available to Grant, Howard, Tipton and Surrounding Counties
Start Date: 5/10/2013Start Time: 12:00 AM
End Date: 5/10/2013End Time: 11:59 PM
Entry Description
DISASTER LOANS AVAILABLE TO GRANT, HOWARD AND TIPTON COUNTIES
Neighboring counties also eligible for low-interest disaster loans

INDIANAPOLIS – Governor Mike Pence received word today that the U.S. Small Business Administration (SBA) has made available low-interest disaster loans for flood victims in Grant, Howard and Tipton counties.

Residents, businesses and non-profit organizations in neighboring counties would also be eligible for these disaster loans. Those counties include Blackford, Carroll, Cass, Clinton, Delaware, Hamilton, Huntington, Madison, Miami, Wabash and Wells.

The SBA is planning to open Disaster Center offices in Grant, Howard, Madison, and Tipton counties to handle any questions and help residents apply for loans. The locations and hours of those centers have not been determined yet. The Indiana Department of Homeland Security is also planning to have staff at the centers to provide flood victims information about the Indiana State Disaster Relief Fund. Grants of up to $5,000 may be available for Hoosiers who suffered flood damage, but may not be eligible for a federal loan.

How to Apply for SBA Loans

Disaster loan information can also be completed on SBA's secure website at https://disasterloan.sba.gov/ela/.

Business loan applications can also be downloaded from the SBA website at www.sba.gov. Completed applications should be returned to a Disaster Loan Outreach Center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Individuals and businesses can call the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for people with speech or hearing disabilities), Monday through Friday from 8 a.m. to 6 p.m. ET or by sending an e-mail to disastercustomerservice@sba.gov.

Loan Amounts

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. Businesses and non-profit 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.

Those suffering damage to personal or business property must return applications by July 9, 2013. The deadline to return economic injury applications - which includes, for example, payroll, working capital and other business financial commitments - is February 10, 2014. For more information contact SBA.

State Disaster Relief Fund

The Indiana State Disaster Relief Fund was established in 2003 to provide assistance to individuals and local governments who may not be eligible for federal disaster assistance, but met the state’s criteria for disaster relief. Grants of up to $5,000 are available to eligible disaster victims. Fees from retail fireworks sales provide the funding for this program.

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MEDIA CONTACT ONLY:
IDHS: Public Information Office, (317) 234-6713, pio@dhs.in.gov.
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Public Safety
  • Agency Name
    Homeland Security, Indiana Department of

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