Disaster Aid Loans Available for Storm-Damaged Indiana
Published Date: 4/16/2026
Notice
Summary
Indiana got hit by big storms and tornadoes in March 2026, causing damage in several counties. The government declared it a disaster, so affected homeowners, businesses, and nonprofits can apply for low-interest loans to help fix things. You’ve got until June 8, 2026, to apply for physical damage loans and until January 11, 2027, for economic injury loans—so don’t wait!
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Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Homeowner Disaster Repair Loans
If you own a home in the named Indiana and adjacent Illinois counties (primary: Jasper, Newton; contiguous: Benton, LaPorte, Lake, Porter, Pulaski, Starke, White; Illinois: Iroquois, Kankakee), you can apply for an SBA physical damage loan to repair storm and tornado damage from March 10–11, 2026. The application deadline for physical damage loans is June 8, 2026, and interest rates are 5.750% if you have credit available elsewhere and 2.875% if you do not.
Small Business Physical Damage Loans
Small businesses in the listed affected counties can apply for SBA physical damage loans for storm and tornado damage from March 10–11, 2026; the deadline to apply for physical damage loans is June 8, 2026. Interest rates for business physical damage loans are 8.000% if credit is available elsewhere and 4.000% if it is not.
Economic Injury (EIDL) Loans for Businesses & Co-ops
Businesses and small agricultural cooperatives without credit available elsewhere in the listed affected counties can apply for Economic Injury Disaster Loans (EIDL) for impacts from March 10–11, 2026; the EIDL application deadline is January 11, 2027. The interest rate for eligible businesses and small agricultural cooperatives without credit available elsewhere is 4.000%, and for private non-profits without credit available elsewhere is 3.625%.
Nonprofit Physical Damage Loan Access
Private nonprofit organizations in the listed affected counties may apply for SBA physical damage loans for damage from March 10–11, 2026. The physical damage loan application deadline is June 8, 2026, and the interest rate listed for private non-profit organizations (with or without credit available elsewhere) is 3.625%.
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