Disaster loans available for small businesses, nonprofits, residents affected by Sept. storms
(WPTA) - The U.S. Small Business Administration announced the availability of low-interest federal disaster loans for Indiana small businesses, private nonprofits, and residents affected by severe storms and flooding on Sept. 17. RELATED COVERAGE: ‘Water flooding everywhere’: High schoolers, neighbors mobilize as flash floods hit Wells County The SBA issued a disaster declaration in response to a request made by Gov. Mike Braun on Oct. 21. The declaration covers the Indiana counties of Adams, Allen, Blackford, Grant, Huntington, Jay, and Wells, which are eligible for both physical damage loans and Economic Injury Disaster Loans from the SBA. Businesses and private nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business…