SBA’s Deadline is April 7 for Physical Damage Disaster Loan Applications in Indiana

ATLANTA, March 20, 2014 /PRNewswire-USNewswire/ — The U.S. Small Business
Administration reminds homeowners, renters, businesses and non-profit
organizations in Indiana of the deadline to submit disaster loan applications
for damages caused by the severe storms, winds and tornadoes on November 17,
2013. The deadline to apply for a physical damage disaster loan is April 7,
2014.

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Low-interest disaster loans are available in Carroll, Cass, Clinton, Daviess,
Dubois, Fountain, Grant, Greene, Howard, Knox, Martin, Miami, Montgomery, Parke,
Pike, Tippecanoe, Tipton, Vermillion and Warren counties in Indiana.

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.

For small businesses, small agricultural cooperatives, small aquaculture
businesses and most private non-profit organizations of all sizes, the SBA
offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs
caused by the disaster. EIDL assistance is available regardless of whether the
business suffered any physical property damage.

Interest rates are as low as 2.250 percent for homeowners and renters, 2.625
percent for non-profit organizations and 4 percent for businesses with terms up
to 30 years. The SBA sets the loan amounts and terms based on each applicant’s
financial condition.

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/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 April
7, 2014. The deadline to return economic injury applications is November 5,
2014.

For more information about the SBA’s Disaster Loan Program, visit our website at
www.sba.gov/disaster.

Release Number: 14-126, IN 13883/13884

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone: (404) 331-0333

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SOURCE U.S. Small Business Administration

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