Indiana Storms Trigger SBA Disaster Loans for Recovery Aid
Published Date: 4/16/2026
Notice
Summary
Indiana got hit by big storms and tornadoes in March 2026, and now the government is stepping in to help. People and businesses in certain counties can apply for low-interest disaster loans to fix damage or cover lost income. 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!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Low-Interest Physical Disaster Loans
If your home or nonprofit property in the listed Indiana and contiguous counties was damaged by the March 10–11, 2026 storms, you can apply for SBA physical disaster loans. You must apply by June 8, 2026, and interest rates listed include 5.750% (homeowners with credit available elsewhere), 2.875% (homeowners without credit available elsewhere), 8.000% (businesses with credit available elsewhere), 4.000% (businesses without credit available elsewhere), and 3.625% for private non‑profits.
Economic Injury (EIDL) Loans for Small Businesses
If your small business or small agricultural cooperative in the listed Indiana and contiguous counties lost income because of the March 10–11, 2026 storms, you can apply for Economic Injury Disaster Loans (EIDL). You must apply by January 11, 2027; interest rates shown include 4.000% for businesses and small agricultural cooperatives without credit available elsewhere and 3.625% for private non‑profits without credit available elsewhere.
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