The other counties included are Darke, Defiance, Mercer, Paulding, Preble and Van Wert. “Getting businesses and communities up and running after a disaster is our highest priority at SBA”. The agency also lends money to homeowners and businesses to avoid future flooding and provides disaster loans to homeowners and renters.
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Disaster loans are now available for residents and small businesses in 27 Indiana counties that suffered flood damage in June and July from severe weather, Gov. Mike Pence’s office said today. Eligible business can borrow up to $2 million to pay fixed debts, payroll, and other bills.
The SBA says homeowners can apply for loans of up to $200,000 to fix or replace damaged real estate, and up to $40,000 to fix or replace damaged personal property.
“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster”, said SBA’s St. Louis District Director Dennis Melton.
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U.S. Small Business Administration administrator Marie Contreras-Sweet announced the loans on Thursday in a news release. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
