Disaster Loans Available in Northern Indiana

Posted: Updated:
Governor Mike Pence filed a request for the loans on August 25. Governor Mike Pence filed a request for the loans on August 25.
INDIANAPOLIS -

The U.S. Small Business Administration has made low-interest disaster loans available in five northern Indiana counties following severe storms that hit the area in mid-August. Residents, businesses and nonprofits have until November 1 to apply for loan assistance.

The loans are available in St. Joseph, LaPorte, Starke, Marshall and Elkhart counties. Two Michigan counties contiguous to St. Joseph County, Berrien and Cass counties, are also eligible for the loans.

"The severe weather events of this month have devastated several of our local communities, but they’re not alone in their efforts to recover," said Governor Mike Pence. "The willingness of Hoosiers to assist their neighbors in need through their generosity and compassion, combined with these low-interest disaster loans, can help ease the suffering of those affected as they move forward from these difficult circumstances."

Pence's office says loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate, while homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. Businesses and private nonprofits can apply for up to $2 million to cover damage to property, equipment, inventory or other assets.

Small businesses, small agriculture cooperatives, small aquaculture businesses and most private nonprofits can also apply for the SBA's Economic Injury Disaster Loans. Applications for those loans are due by June 1, 2017.

The governor's office says assessments from tornado damage on August 24 are ongoing and the need for federal assistance is being evaluated. You can find more information on applying for the loans by clicking here.

  • Perspectives

    • Why Blogging Without Rules Produces the Best Content

      I spend a lot of time talking with people about what makes writing good. Depending on who you ask, good writing might be exciting and illustrative. It might be simple and efficient. If you ask someone who works in marketing, good writing translates to whatever helps a marketing strategy generate more leads, or more sales, or more of whatever a business is looking to gain. Though I fully respect and agree with this results-oriented perspective on content, in practice it can be...

    More

Events



  • Most Popular Stories

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Mansion May Fall to Wrecking Ball

      A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair.  The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana. 

    • Socio received the Top-Rated Overall Culture award. (Provided Photo/Socio)

      Inaugural Tech Culture Award Winners Unveiled

      Indianapolis-based Powderkeg has unveiled the winners of the inaugural Indiana Breakout Tech Culture Awards. Eleven Hoosier tech companies received the honors based on survey rankings from the 2019 Tech Census, which focused specifically on tech cultures. Nearly 270 tech companies were nominated and the winners were selected from a group of 50 finalists. More than 1,300 individuals responded to the survey, which allowed employees to rate their companies and employers on...

    • Photo courtesy of Purdue University

      Purdue Offers 'Stranger Things' Replica Tee

      Purdue University has partnered with trademark licensing agent CLC to produce a special-edition replica Purdue shirt that appeared on an episode of Netflix’s “Stranger Things 3.”  The university also teamed up with Venley to accurately replicate the shirt, which will be available at retailers on the West Lafayette campus and online later this month.

    • Mearns was named Ball State's president in 2017.

      Ball State President Bullish on Growth Potential

      The president of Ball State University says he is optimistic about the growth trajectory for the school and the Muncie community at large. Ball State recently set a new record for total enrollment with more than 22,000 students, including its largest-ever freshman class. The university is also continuing with several major capital projects, including the more than $87 million Foundational Sciences building, which broke ground earlier this month. In an interview in Studio (i) with...