The U.S. Small Business Administration announced the availability of low-interest federal disaster loans for eligible private nonprofit organizations impacted by the severe storms, straight-line winds, tornadoes, and flooding that began Aug. 11.
Eligible counties
- Delaware
- Fayette
- Franklin
- Hamilton
- Henry
- LaPorte
- Lake
- Madison
- Porter
- Tipton
- Wayne
Who can apply
- Private nonprofits
- Faith-based organizations
Loan assistance available
- Physical Disaster Loans: Repair or replace disaster-damaged property, equipment, inventory, and assets.
- Economic Injury Disaster Loans: Working capital assistance for operational expenses caused by the disaster.
- Mitigation Funding: SBA disaster loans can be increased up to 20 percent of the verified losses to make building upgrades.
Key loan details
- Up to $2 million in loan funding
- Interest rate as low as 3.625 percent for private nonprofit organizations
- Loan terms of up to 30 years
- No interest or required payments during the first 12 months following disbursement
Apply online at sba.gov/disaster.
Application deadlines
- Physical Damage Loans: 25
- Economic Injury Disaster Loans: May 25, 2027
Applicants may call the SBA Customer Service Center with questions regarding their application at (800) 659-2955 or email disastercustomerservice@sba.gov. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Be the first to comment on "SBA Disaster Assistance available for private nonprofits"