The Washington Times-Herald

Community

March 29, 2014

Loan deadlines for disaster coming up

Homeowners, renters, businesses and non-profit organizations in 19 Indiana counties are reminded that April 7 is the filing deadline for disaster relief loans from the U.S. Small Business Administration.

The SBA declared Carroll, Cass, Clinton, Daviess, Dubois, Fountain, Grant, Greene, Howard, Knox, Martin, Miami, Montgomery, Parke, Pike, Tippecanoe, Tipton, Vermillion, and Warren counties eligible for low interest disaster loans because of tornadoes and severe storms on Nov. 17, 2013.

The loans were made available in response to a request from Governor Michael Pence for a disaster declaration by the SBA.

How to Apply

Disaster loan information can 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 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.

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.

The filing deadline to return applications for physical property damage is April 7, 2014.

Economic Injury Disaster Loans

For small businesses, small agricultural cooperatives, small businesses engaged in aqua cultural, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet financial needs, which includes for example, payroll, working capital and other business financial commitments. EIDL assistance is available regardless of whether the business suffered any physical property damage.

The deadline to return economic injury applications is Nov. 5, 2014.

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