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The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for Indiana small businesses, private nonprofits (PNP), and residents affected by severe storms and tornadoes occurring May 16. The SBA issued a disaster declaration in response to a request received from Governor Mike Braun on May 30.
The declaration covers the counties of Brown, Greene, Jackson, Lawrence, Monroe, Morgan and Owen which are eligible for both physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Small 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 assets. Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
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 During National Small Business Week, May 4-10, 2025, the U.S. Small Business Administration recognizes the hard work, ingenuity, and dedication of America’s small businesses, and celebrates their contributions to the economy. National Small Business Week includes in-person events and an educational virtual summit on a variety of business topics.  Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses. Indianapolis Location: 5726 Professional Cir. Suite 100 Indianapolis, IN 46241 Phone: 317-226-7272 |
As part of the Greater Bloomington Chamber of Commerce's mission, providing leadership through member engagement, business advocacy, and civic partnerships to strengthen our community and business environment. This includes providing benefits, programs, and resources to help our members be successful.
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