The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Indiana who sustained economic losses caused by significant rainfall occurring April 1-Dec. 31, 2025.
The disaster declaration covers the counties of Bartholomew, Decatur, Jackson, Jefferson, Jennings, Ripley and Scott.
Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
The deadline to return economic injury applications is Oct. 13.
Indiana AG Rokita calls on race fans to raise the red flag on human trafficking ahead of the 110th Indianapolis 500
Make water safety a priority
USPS proposes maintenance, repairs during Mailbox Improvement Week
Indiana BMV branches closed for holiday weekend
BioHeartland launches as the new identity for Indiana’s bioscience ecosystem
Vermillion County receives OCRA grant for home rehabilitation program
More rain, wind, storms possible Tuesday
"Improving Outcomes, Together" theme for National EMS Week
Candidates can begin filing for school board elections on Tuesday
Indiana Natural Resources Commission to hold public hearing for bobcat rule changes
Single-lane closures to impact State Road 63 near Cayuga
Duke Energy breaks ground on Cayuga Energy Complex project
Miller, Vincent lead Parke Heritage Class of 2026
May 15 is National Peace Officers Memorial Day
Indiana Conservation Officers seek help finding track chairs stolen from Fort Harrison State Park
Clay County man among six drug traffickers, including one illegal alien, sentenced to decades in federal prison
