Low interest disaster loans are available

Posted by: Samantha Holifield  | Friday, August 21, 2015 3:00 pm

Low interest disaster loans are available

After the heavy rainfall we experienced earlier this summer, many in our community are in need of help to fix damages to homes, businesses and other property. In order to help those affected, Blackford, Delaware, Grant and Wells counties are among those now eligible for low interest disaster loans. 

Loans up to $200,000 are available through the Small Business Administration (SBA) for homeowners needing to repair or replace disaster damaged or destroyed real estate. Additionally, renters and homeowners who have personal property damage are eligible for up to $40,000 in loans. Businesses and private non-profit organizations of any size are also able to borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other business assets. To apply for one of these loans, please click here.   

To help field questions, the SBA has set up Disaster Loan Outreach Centers in five counties, including nearby Jay and Huntington counties. These centers are a great resource available for anyone wanting to speak to someone about their current options. Applications can be turned in at these locations as well. You can find the hours and locations of the outreach centers near you by clicking here. 

If you have questions or would like more details on the loan application process, I encourage you to reach out to the SBA through their outreach centers or by phone at 800- 659-2955 or 800­-877­-8339 for the hearing impaired. You can also send your questions via email by clicking here. All applications regarding damage to personal or business property must be returned to the SBA by October 19. 


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