Indiana Storm Victims: SBA Loans Open for Tornado Damage
Published Date: 10/15/2026
Notice
Summary
Indiana got hit hard by storms, tornadoes, and floods between June 6-26, 2026, and now the government is stepping in with disaster loans to help homeowners, businesses, and nonprofits recover. If you live in the affected counties, you can apply for physical damage loans by December 8, 2026, or economic injury loans by July 9, 2027. Interest rates are friendly, and you can apply online or in person—help is just a click or call away!
Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Physical Disaster Loans for Homeowners
If your home was damaged by the June 6–26, 2026 storms in the listed Indiana counties, you can apply for an SBA physical disaster loan through December 8, 2026 (Disaster No. 21959B). Homeowner interest rates are 5.750% if you have credit available elsewhere and 2.875% if you do not.
Physical Disaster Loans for Businesses and Nonprofits
Businesses and private non-profit organizations in the designated areas can apply for SBA physical disaster loans by December 8, 2026 (Disaster No. 21959B). Interest rates for businesses are 8.000% with credit available elsewhere and 4.000% without; private non-profits have a 3.625% rate.
Economic Injury Disaster Loans (EIDL) Available
Small businesses and small agricultural cooperatives in the affected areas can apply for Economic Injury Disaster Loans (EIDL) through July 9, 2027 (EIDL Disaster No. 219600). Interest rates listed include 4.000% for businesses/small agricultural cooperatives without credit available elsewhere and 3.625% for private non-profits.
Which Counties Are Eligible
The SBA declared primary Indiana counties eligible: Elkhart, Gibson, Harrison, Jefferson, Lake, and Warrick. A long list of contiguous counties in Indiana, Illinois, Kentucky, and Michigan is also designated as adversely affected.
How to Apply and Contact Help
You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations. For help, call the SBA disaster assistance customer service center at 1-800-659-2955, email [email protected], or use 7-1-1 for relay service if you are deaf or hard of hearing.
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Key Dates
Department and Agencies
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The President declared a major disaster for the Pueblo of Zuni due to severe storms and flooding from July 16-21, 2026. This means local nonprofits can now apply for disaster loans to help with repairs and recovery, with deadlines on December 7, 2026, for physical damage and July 7, 2027, for economic injury loans. The SBA is ready to support with low-interest loans and easy online applications.
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