Deadline in June for SBA Personal Loans in Indiana
Apply for a Loan
Secured with SHA-256 Encryption
UPDATED: May 15, 2012
Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.
The U.S. Small Business Administration (SBA) is reminding businesses in Indiana that capital personal loans are still available, but that deadline is fast approaching.
Small businesses, small agricultural cooperatives and many private non-profits that were affected by storms, hail, tornadoes and floods between April 3 and June 15, 2011 are free to apply for an SBA personal loan. These Economic Injury Disaster Loans, or EIDLs as the SBA calls them, will be offered to those who apply before the June 12 deadline.
The EIDLs are available for amounts of up to $2 million at a 3 percent interest rate for non-profits, and 4 percent for small businesses. The terms on these personal loans can be for up to 30 years.
“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the June 12 deadline,” said Frank Skaggs, director of SBA Field Operations Center East, in a press release.
The EIDLs are available in three states: Indiana, Illinois and Kentucky.
The counties eligible for one of these personal loans in Indiana are Bartholomew, Brown, Decatur, Franklin, Gibson, Greene, Jackson, Jennings, Knox, Lawrence, Monroe, Morgan, Owen, Pike, Posey, Ripley, Rush, Shelby, Warrick and Vanderburgh Counties.
Those eligible in Illinois are Gallatin, Wabash and White.
Finally those eligible in Kentucky are Henderson and Union.
To apply for an SBA disaster loan, applicants can call SBA’s Customer Service Center at 800-659-2955, or they may send an email to [email protected] Physical application forms may be downloaded and princted from the SBA’s website. All physical applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.