09/03/2026
Following the President's major disaster declaration for Indiana on August 25, the U.S. Small Business Administration (SBA) has opened low-interest disaster loans for Indiana small businesses affected by the severe storms, straight-line winds, tornadoes, and flooding that began on August 11. Please note that we do not administer these loans; we are simply passing along the information to help local businesses affected by the recent flooding.
Available relief for businesses include:
🔹Physical damage loans of up to $2 million to repair or replace damaged real estate, machinery, equipment, inventory, and other business assets
🔹Economic Injury Disaster Loans (EIDLs) which can cover payroll, rent, fixed debt, and other bills that can’t be paid because of the disaster
🔹A possible loan increase of up to 20% of your verified physical damage for mitigation improvements, such as strengthening structures against high winds
🔹Interest rates as low as 4% for businesses, with terms up to 30 years. Interest and payments do not begin until 12 months after the first disbursement
Deadlines for applications:
Physical damage applications: October 25, 2026
Economic injury applications: May 25, 2027
You can apply and learn more about qualifications at sba.gov/disaster/.
🚨 Presidential Disaster Declaration issued for Indiana.
Small businesses, nonprofits, & residents impacted by severe weather, tornadoes, and flooding can now apply for SBA disaster assistance.
Get help at lending.sba.gov
