Disaster loans available from SBA
Comet staff report

The U.S. Small Business Administration has announced that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, and most private, non-profit organizations of all sizes located in Indiana as a result of hail that occurred June 21-22.

These loans are available in 18 counties, including Carroll, White, Tippecanoe and Cass.

SBA's Economic Injury Disaster Loan program is available to farm-related and nonfarm-related small business concerns, small agricultural cooperatives,, and most private, non-profit organizations of all sizes that suffered financial losses as a direct result of this disaster. Farmers and ranchers are not eligible to apply to SBA.

Eligible small businesses and non-profit organizations may qualify for loans up to $2 million. These loans are available at a four percent interest rate with loan terms up to 30 years. SBA determines eligibility for the program.

For more information call 1- 800-659-2955 or e-mail the customer service center at disastercustomerservice@ sba.gov. Loan applications can be downloaded from the SBA's website at www.sba.gov/services/ disasterassistance. Deadline for submitting applications is April 14.