Low-interest loans available to those with flood damage

The U.S. Small Business Administration has made low-interest disaster loans available for those who suffered flood damage in 27 Hoosier counties, including Jackson.

Residents, businesses and nonprofit organizations in the following counties are eligible for these disaster loans.

The Indiana Department of Homeland Security worked with the U.S. SBA to secure the low-interest loans following the recurring thunderstorms that moved through much of Indiana in June and July.

Applicants may apply online using the electronic loan application at disasterloan.sba.gov/ela. Loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster damaged or destroyed personal property.

Additional details on the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected].

For information about the SBA’s Disaster Loan Program, visit sba.gov/disaster.

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

Other area counties included in the program are Bartholomew, Brown, Jennings, Monroe and Scott.