On Aug. 27, SBA issued administrative declaration of disaster notice.
SBA issued disaster assistance available to Indiana residents and businesses affected by severe storms and tornados which occurred and impacted the area Jul. 30, 2024.
Eligibility and Assistance
Primary affected counties are Warrick, Dubois, Gibson, Pike, Spencer, Vanderburgh.
The notice provides filing deadlines of Oct. 21, 2024 for physical damage loans and May. 20, 2025 for Economic injury disaster loan (EIDL) applications to be submitted.
Interest rates for diaster physical damage range from 2.688% for homeowners without credit available elsewhere to 8.000% for business with credit available elsewhere.
For EIDLs rates are 3.250% for nonprofits and 4.000% for business and cooperatives.
Number assigned to disaster for physical damage is 20535C, economic injury 205360.
Application Deadline
Physical loan application deadline is Oct. 21, 2024; EIDL deadline is May 20, 2025.
