Indiana Storm Victims Get Federal Disaster Loans After Flooding
Published Date: 10/29/2026
Notice
Summary
Indiana got hit hard by storms and flooding on September 17, 2026, especially in Wells County and nearby areas. The government declared it a disaster, so people and businesses can now apply for low-interest loans to fix damage or cover lost income. You’ve got until December 28, 2026, for physical damage loans and July 26, 2027, for economic injury loans—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Low‑interest physical disaster loans for repairs
If your home or business in the declared area was damaged by the September 17, 2026 storms and flooding, you can apply for SBA physical disaster loans (Disaster Number 219956) to repair or replace property. The physical loan application deadline is December 28, 2026. Interest rates specified: homeowners with credit available elsewhere 6.000%, homeowners without credit available elsewhere 3.000%, businesses with credit available elsewhere 8.000%, businesses without credit available elsewhere 4.000%, and private non‑profits 3.625%.
Economic Injury (EIDL) loans for businesses and co‑ops
Businesses, small agricultural cooperatives, and eligible private non‑profits in the declared area can apply for Economic Injury Disaster Loans (Disaster Number 219960) to cover working capital losses caused by the September 17, 2026 disaster. The EIDL application deadline is July 26, 2027. Interest rates listed: businesses and small agricultural cooperatives without credit available elsewhere 4.000%; private non‑profits without credit available elsewhere 3.625%.
Who is eligible — Wells and nearby counties
The declaration designates Wells County as the primary affected county and the following contiguous Indiana counties as also adversely affected: Adams, Allen, Blackford, Grant, Huntington, and Jay. Residents and businesses in these listed counties are the eligible population for the SBA disaster loans tied to this declaration.
How to apply and get assistance
You can apply for disaster assistance online at the MySBA Loan Portal: https://lending.sba.gov or in person at locally announced locations. For help, contact the SBA disaster assistance customer service center at 1-800-659-2955, by email at [email protected], or use 7-1-1 for telecommunications relay services if you are deaf, hard of hearing, or have a speech disability.
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